Kinne v. Duncan

In March, 1940, appellee Dick Duncan became the owner of an oil lease in forty acres of land known as the Knolhoff lease. He was engaged in the business of drilling oil wells. In June, 1940, Allen Borton acquired one half of the interest of Duncan, and thereupon they entered into an agreement to develop said lease with Duncan doing the drilling. June 12, 1940, Borton assigned one half of his interest in the lease to Harry and Uella Kinne, appellants, and the other one half to Elnora Horton, his mother-in-law. July 19, 1940, Borton executed an assignment of $7500 of the oil runs from one half…