American Trading & Production Corp. v. Phillips Petroleum Co.

OPINION

FRASER, Chief Justice.

The statement of nature and result of the case is substantially set forth in appellants’ brief and appears to be reasonably satisfactory to the various appellees. This statement and nature of the case by appellants is substantially as follows:

The immediate suit grew out of a Rule 37 case, wherein appellant American Trading and Production Corporation (sometimes referred to as American Trading or simply as ATAPCO) obtained a permit to drill a well on a 160-acre tract in the Azalea Field, Midland County, Texas (the field rules provided for 640-acre spacing) as an…