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AMERICAN NAT. BANK OF AUSTIN, TEX. v. DUX

No. 85-46.

691 S.W.2d 851 (1985)

286 Ark. 309

AMERICAN NATIONAL BANK OF AUSTIN, TEXAS, Appellant, v. Edward L. DUX, Christine Dux, His Wife, and William G. Stevenson, Appellees.

Supreme Court of Arkansas.

June 24, 1985.

Attorney(s) appearing for the Case

John M. Unger, El Dorado, for appellant.

James J. Calloway, El Dorado, for appellees.

GEORGE ROSE SMITH, Justice.

This case presents questions of priority between (a) a mortgage lien held by the appellant bank upon the share of the working interest owned by the appellees Dux in several oil and gas leases under which oil has been produced for several years and (b) an oil well operator's statutory lien being asserted by the appellee Stevenson upon that same share of the working interest in the leases. The chancellor awarded priority to Stevenson upon...

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