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MERCURY GAS & OIL CORP. v. RINCON OIL & GAS CORP.

No. 8542.

445 P.2d 958 (1968)

79 N.M. 537

MERCURY GAS AND OIL CORPORATION and Bloomfield Gas Company, Plaintiffs-Appellants, v. RINCON OIL AND GAS CORPORATION and Chemical Bank New York Trust Company, as Trustee for certain Employee Benefit Funds, Defendants-Appellees.

Supreme Court of New Mexico.

Rehearing Denied October 24, 1968.

Attorney(s) appearing for the Case

Nordhaus & Moses, Albuquerque, for appellants. Hinkle, Bondurant & Christy, Harold L. Hensley, Jr., Roswell, for appellee Rincon Oil and Gas Corp.

Iden & Johnson, J.J. Monroe, Albuquerque, for appellee Chemical Bank New York Trust Co.

OPINION

COMPTON, Justice.

This appeal is from a summary judgment. The action was brought by Mercury Oil and Gas Corporation and Bloomfield Gas Company seeking reformation and, after reformation, specific performance of a contract with Rincon Oil and Gas Company, or, in the alternative, damages for breach of the contract.

The contract, dated December 29, 1965, involved the purchase and sale of certain oil and gas properties owned by Rincon Oil and Gas...

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