Home-Stake Production Company v. Minnis

BLACKBIRD, Justice.

The action involved in this appeal was based upon a contract pertaining to the development of certain oil properties in the Seminole Field. This Field was the result of the discovery, in the early part of the decade, between 1920 and 1930, that the Wilcox Sand, which lies at a depth of approximating four thousand feet in much of Seminole County, was a prolific producer of oil. Much of the field’s initial, or primary, development and production occurred prior to the enactment of most of this State’s present oil and gas conservation laws, and many of its original producing…