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COOGAN v. ARKLA EXPLORATION CO.

No. 50623.

589 P.2d 1061 (1979)

Applicant: Arkla Exploration Company in the Matter of Pooling Interests and Adjudicating the Rights and Equities of Oil and Gas Owners in the Granite Wash Common Source of Supply underlying all of Section 19, Township 9 North, Range 23 West, Beckham County, Oklahoma. Fred L. COOGAN, Jr., and Grady Wallace, Appellants, v. ARKLA EXPLORATION COMPANY, and Corporation Commission of the State of Oklahoma, Appellees.

Supreme Court of Oklahoma.

January 9, 1979.

Attorney(s) appearing for the Case

Ivester, Ivester & Ivester, Sayre, for appellants.

Crabtree, Miller & Musser, Oklahoma City, for appellees.

HARGRAVE, Justice:

In this appeal from Corporation Commission Order No. 127203, the appellants, Fred L. Coogan, Jr., and Grady Wallace, argue the Corporation Commission committed reversible error in setting a lease bonus of $35. per acre and a 1/8 royalty in lieu of participation in a forced pooling order because that figure was testified to be the prior price paid for leases in the area. The appellants state the only proper evidence of value is fair market value...

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