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LAZY D GRAZING ASS'N v. TERRY LAND AND LIVESTOCK CO.

Nos. 79-1528, 79-1529.

641 F.2d 844 (1981)

LAZY D GRAZING ASSOCIATION, a Colorado Corporation, Appellant and Cross-Appellee, v. TERRY LAND AND LIVESTOCK COMPANY, a Wyoming Corporation, Appellee and Cross-Appellant.

United States Court of Appeals, Tenth Circuit.

Decided February 13, 1981.

Attorney(s) appearing for the Case

Henry A. Burgess, Sheridan, Wyo. (Rodger I. Houtchens, Greeley, Colo., with him on brief), for appellant and cross-appellee.

Byron Hirst and Glenn Parker, Cheyenne, Wyo., for appellee and cross-appellant.

Before McWILLIAMS and SEYMOUR, Circuit Judges, and CHRISTENSEN, Senior District Judge.

CHRISTENSEN, District Judge.

Lazy D Grazing Association (hereinafter Lazy D) appeals and Terry Land and Live-stock Company, Inc. (hereinafter Terry) cross-appeals from a district court judgment that declared the respective interests of the parties in the mineral estate underlying land conveyed by Terry to Lazy D. The validity of that judgment depends upon a proper interpretation of a mineral interest reservation in the context of the following circumstances.

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