SCHAFFER v. TENNECO OIL CO.

No. 82-215.

647 S.W.2d 446 (1983)

278 Ark. 511

George F. SCHAFFER et ux. Appellants, v. TENNECO OIL COMPANY, Appellee.

Supreme Court of Arkansas.

March 7, 1983.


Attorney(s) appearing for the Case

Turner, Mainard & Whitehead, Ozark, for appellants.

Warner & Smith by G. Alan Wooten and Joel D. Johnson, Fort Smith, for appellee.


HOLT, Justice.

The chancellor held that the appellee, Tenneco Oil Company, breached its agreement with the appellants, the Schaffers, to pay royalties pursuant to an oil and gas lease entered into in 1973. He ordered the appellee to pay the royalties, past and future, pursuant to the terms of the lease, plus accrued interest. The appellants contend, however, that the chancellor also should have sustained their plea for cancellation of the lease.

The appellants...

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