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LOE v. HOPE OIL AND GAS COMPANY

No. 5-1853.

328 S.W.2d 74 (1959)

Bert LOE et al., Appellants, v. HOPE OIL AND GAS COMPANY, Inc., et al., Appellees.

Supreme Court of Arkansas.

Rehearing Denied November 2, 1959.

Attorney(s) appearing for the Case

McKay, Anderson & Crumpler, Magnolia, for appellant.

Weisenberger & Wilson, by John L. Wilson, Jr., Hope, for cross appellant Hope Oil & Gas Co., Inc.

Graves & Graves, Hope, for appellees and cross appellants, Fred B. Overton et al.

McKay, Anderson & Crumpler, Magnolia, for cross appellees Al Johnson et al.

WARD, Justice.

On this appeal we are called upon to decide the merits of several conflicting claims growing out of an oil and gas lease on 40 acres of land in Lafayette County. A skeleton outline of the factual background will help to understand the issues hereafter discussed.

Prior to November 27, 1954, the Hope Oil and Gas Company, Inc. (hereafter refered to as "Hope") was the owner of an oil and gas lease on the land in question and on which land there...

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