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MYERS v. GULF COAST MINERALS MANAGEMENT CORP.

No. A-8994.

361 S.W.2d 193 (1962)

Jimmy B. MYERS, Petitioner, v. GULF COAST MINERALS MANAGEMENT CORPORATION, Respondent.

Supreme Court of Texas.

Rehearing Denied October 24, 1962.

Attorney(s) appearing for the Case

Nye, Cohn & Morris, Corpus Christi, for petitioner.

King, Anderson & Porter, Corpus Christi, for respondent.

SMITH, Justice.

In September, 1960 Myers and Gulf Coast entered into a contract, commonly referred to as a farmout agreement or letter agreement. Myers alleged, in this suit, that on September 28, 1960, he offered Gulf Coast certain rights, title, and interest in and to a certain oil and gas leasehold estate on specified terms and conditions in writing, and that Gulf Coast accepted the offer and paid the sum of $500.00 immediately upon acceptance of the terms and...

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