Carmichael v. Delta Drilling Co.

HALL, Chief Justice.

On September 1, 1942, appellants and appellee entered into a “Joint Operating Agreement” whereby appellee was to furnish two of its drilling rigs in prospecting for oil and gas in Illinois, Indiana and Kentucky. The agreement provided that: “It is the desire of Delta to place said drilling equipment in charge of Carmichael-Johnston (appellants), who, up to this time, have been in the employ of Delta Drilling Company, for the purpose of operating them on a profit sharing basis instead of as employees of Delta, as heretofore, and Car.michael-Johnston desire to take charge of…