Gulf Pipe Line Co. v. Nearen

SLATTON, Commissioner.

Defendants in error executed a division order to the Gulf Pipe Line Company containing the following provisions:

“First — The oil run in pursuance of this division order shall become the property of the Gulf Pipe Line Company as soon as the same is received into its pipe lines.

“Second — The oil received in pursuance of this division order shall be paid for to the party or parties entitled thereto, according to the division of interest shown above, at the- price for each day’s receipts posted on -that day by the Gulf Pipe Line Company, for the same kind and quality of oil…