Pansy Oil Co. v. Federal Oil Co.

HALL, Justice.

On August 4, 1931, J. W. Kelly and S. J. Taylor, as sellers, and W. B. Powell, as buyer, entered into the following contract :

“State of Texas, County of Tarrant

“This Agreement between J. W. Kelly and S. J. Taylor, both of Tyler, Texas, Seller, and W. B. Powell of Fort Worth, Tarrant County, Texas, Buyer, Witness-eth:

“For and in consideration of the payments hereinafter agreed to be made by Buyer to Seller, Seller sells and conveys to Buyer One Hundred Thousand Barrels of oil in, on and under the following described land, the same being 15 acres, more or less, in the County of…