Security Union Casualty Co. v. Hunt

The following is a substantial statement of the evidence introduced in the trial of this case:

Adams, Brown, and McAlister owned a 160-acre oil and gas lease and also owned a drilling rig. Bridwell and Mayfield agreed with the Adams firm to drill a well on this lease, in return for which they were to have assigned to them, by Adams, Brown, and Mc-Alister, a one-half’ interest in said lease. While the assignment of the one-half interest in the lease was delivered to Mayfield, it was so delivered with the understanding that, if Bridwell and Mayfield did not pay the expenses of the drilling of…