Crown Central Petroleum v. Speer, Chancellor

Griffin Smith, Chief Justice.

March 29, 1921, Harley R. Hinton and P. R. Mattocks assigned to White Oil Corporation an undivided half interest in 284% acres of oil and gas leases they had purchased of D. E. and C. S. Armstrong, the consideration being $686,250. A condiwhen the working interest acquired by the White Corporation 2 amounted to 900,000 barrels. It was stated in an amendment to the complaint that in September, 1940, production reached this figure. Execution and delivery of the assignment occurred in Louisiana.

In 1923 the Corporation assigned its interests to United Central Oil…