Pioneer Operations Co. v. Brandeberry

Gradert, J.:

Pioneer Operations Company, Inc., (Pioneer) appeals the district court’s determination that The Fourth National Bank & Trust Company of Wichita’s security interest in Brandeberry Oil Operations, Inc.’s fractional working interest in numerous oil and gas leases was superior to Pioneer’s mechanics’ liens.

Brandeberry Oil Operations, Inc., (Brandeberry) is owned by Norman W. Brandeberry and Sally E. Brandeberry. In 1984, Norman Brandeberry assigned his working interests in oil and gas leases to Brandeberry, the corporate entity. Brandeberry’s primary assets consist of working…