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STRAUGHN v. SUN OIL CO. (DELAWARE)

Nos. 49387-49391, 49397 and 47274.

345 So.2d 1062 (1977)

J. Ed STRAUGHN, etc., Petitioner, v. SUN OIL COMPANY (DELAWARE) et al., Respondents. F.M. "Bubba" FISHER et al., Petitioners, v. SUN OIL COMPANY et al., Respondents. AMOCO PRODUCTION COMPANY, etc., Petitioner, v. J. Ed STRAUGHN, etc., et al., Respondents.

Supreme Court of Florida.

Rehearing Denied June 7, 1977.

Attorney(s) appearing for the Case

Robert L. Shevin, Atty. Gen., and Larry Levy and Joseph C. Mellichamp, III, Asst. Attys. Gen., Gerald L. Brown, of Wells, Brown, Caton & Brady, Pensacola, and A.L. Johnson, of Johnson, Johnson & Green, Milton, for petitioners, J. Ed. Straughn and F.M. "Bubba" Fisher.

Peter J. Winders, of Carlton, Fields, Ward, Emmanuel, Smith & Cutler, Tampa, and W. Spencer Mitchem, of Beggs, Lane, Daniel, Gaines & Davis, Pensacola, for respondents, Sun Oil Co.

Wofford H. Stidham, of Holland & Knight, Bartow, for petitioner, Amoco Prod. Co.

Robert L. Shevin, Atty. Gen., and Larry Levy and Joseph C. Mellichamp, III, Asst. Attys. Gen., for respondents, J. Ed. Straughn.

BOYD, Justice.

Owners in fee of real property in Santa Rosa County and Hardee County have entered lease agreement with various oil companies. Generally, the leases give to the companies the exclusive rights to explore for, drill and extract oil, gas and minerals on the property and reserve to the fee owners a fraction in value or in kind of the oil, gas and minerals so produced. Local county tax assessors assessed the value of the oil companies' interests in the leases...

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