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GRAVES v. ANSCHUTZ OIL CO.

No. 6281.

280 F.2d 364 (1960)

Kenneth GRAVES and Kenneth Davis, Appellants, v. ANSCHUTZ OIL CO., Inc., a corporation, Appellee.

United States Court of Appeals Tenth Circuit.

July 12, 1960.

Attorney(s) appearing for the Case

E. Albert Morrison, Tacoma, Wash., (R. B. Bowman, Lovell, Wyo., on the briefs), for appellants.

Houston G. Williams, Casper, Wyo. (W. J. Wehrli, Casper, Wyo., on the brief), for appellee.

Before MURRAH, Chief Judge, and PHILLIPS and BREITENSTEIN, Circuit Judges.

PHILLIPS, Circuit Judge.

On July 24, 1958, Graves and Davis entered into a "farmout" agreement with the Atlantic Refining Company1 under which they agreed to drill at their sole cost and expense a test oil and gas well on certain lands located in Bighorn County, Wyoming, on which Atlantic held oil and gas leases. The test well was to be drilled to a depth sufficient to penetrate 100 feet into the Tensleep formation, the top of which was...

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