BARNHART DRILLING CO. INC. v. Petroleum Financing, Inc.

URBIGKIT, Chief Justice.

This appeal addresses a simple issue of mortgage and judgment lien priorities sandwiched within a complex oil well drilling cost and lending controversy. The trial court ruled in favor of the mortgage holder over the later filing of a judgment lien creditor, which decision we affirm.

I. ISSUES

Appellant, Barnhart Drilling Co., Inc., asks:

A. Did the district court err in finding that fair consideration existed to support the mortgage deed given by Andrau [promoter] to PFI [Petroleum Financing, Inc.] and the Clarke Partnership [jointly designated mortgagees — appellees] on…