King v. Holly Oil & Gas Corp.

• CLAY, Commissioner.

This suit was brought by appellants to recover damages for appellee’s breach of contract in failing to develop production under ten oil and gas leases on land located in Lee County. It was tried without a jury and, while the trial court found a breach of contract, it awarded appellants only nominal damages. Appellants contend they were entitled to substantial damages and by cross-appeal appellee contends there was no breach of contract.

In May 1957, appellants assigned to Dear-born Oil and Gas Corporation a working interest in the leases. On December 30, 1957, appellants…