Somerset Pipe Line Co. v. Pioneer Oil & Refining Co.

This suit was filed by appellant against appellee upon the alleged breach of a written contract entered into by and between the. parties, by which appellant agreed to deliver to appellee not more than 350 barrels of crude oil per day from October 20, 1921, to July 1, 1922, at and for the Mid-Continent price plus 40 cents per barrel of 42 gallons for all oil testing an average of 32 gravity or above; that the price for all oil sold should change with and be governed by the Mid-Continent market on light oil as posted from time to time by either the Prairie Oil & Company, the Magnolia Pipe Bine…