Flag-Redfern Oil Co. v. Humble Exploration Co.

OPINION

CAMPBELL, Justice.

Humble Exploration Company brought this declaratory judgment suit against Flag-Redfern Oil Company to determine ownership of an undivided one-half mineral interest. The trial court granted summary judgment declaring Humble the fee simple owner of the mineral interest. The court of appeals, in affirming the trial court judgment, held that a deed from a debtor to a creditor cut off the rights of Flag-Red-fern, an intervening purchaser. We reverse the judgment of the court of appeals.

To secure payment of an $840 promissory note, Ped and Emma Scott, on January 12, 1922,…