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PHILLIPS PETROLEUM CO. v. CABOT CARBON CO.

No. 4723.

210 F.2d 841 (1954)

PHILLIPS PETROLEUM CO. v. CABOT CARBON CO.

United States Court of Appeals Tenth Circuit.

Rehearing Denied April 12, 1954.

Attorney(s) appearing for the Case

R. M. Williams, Oklahoma City, Okl. (Rayburn L. Foster, Harry D. Turner, Bartlesville, and Cecil C. Hamilton, Oklahoma City, Okl., were with him on the brief), for appellant.

Robert M. Rainey and Streeter B. Flynn, Oklahoma City, Okl. (Homer D. Johnson, Pampa, Tex., was with them on the brief), for appellee.

Before HUXMAN, MURRAH and PICKETT, United States Circuit Judges.

HUXMAN, Circuit Judge.

The controversy in this case arose out of a contract between Phillips Petroleum Company, herein referred to as Phillips, and Cabot Carbon Company, herein referred to as Cabot. The subject matter of the contract was oil and gas leases and oil and gas mineral interest owned by Cabot. In the contract Cabot agreed to assign to Phillips specified oil and gas leases owned by it and agreed to execute such...

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