COLEMAN, Circuit Judge.
In 1961 Pennzoil and Western Oil Fields owned adjacent mineral leases. Pennzoil sought Western's lease so that a contemplated secondary recovery operation could be carried out on a large scale. No outright purchase of Western's lease could be arranged. However, Western did consider letting Pennzoil attempt secondary recovery over the whole tract in return for a share of the net profits.
The resulting net profits operating agreement...
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