Reed v. Maltsberger/Storey Ranch, LLC

OPINION

Opinion by:

Karen Angelini, Justice

At issue in this appeal is the interpretation of a 1942 Deed that conveys to the grantees “an undivided one-fourth (1/4) interest in and to all of the oil, gas and other minerals in and under and that may be produced from the following described lands” but then proceeds to strip certain rights of mineral ownership from the grantees. Appellants (collectively “the Reed Plaintiffs”) argue the trial court erred in determining that the 1942 Deed conveys a fixed non-participating royalty interest to the grantees. According to the Reed Plaintiffs, the 1942…