Cox v. Bond

MARTIN, Justice.

On January 11, 1933, F. N. Campbell was the owner of an oil and gas lease on fifty acres of land in Brown county, Tex., and on January 26, 1933, made a contract with appellees, Bond and Jones, to drill an oil well thereon. On February 22, 1933, Campbell entered into what is called an “operating agreement” with E. F. Johnson respecting said property, and thereafter an undivided one-half interest in said oil and gas lease was assigned by Campbell to Johnson. At various dates, divers' and sundry parties acquired fractional undivided interests in said lease. About July, 1933,…