TIGER FLATS PRODUCTION v. OKLAHOMA PETROLEUM EXTRACTING CO.

No. 61850.

711 P.2d 106 (1985)

TIGER FLATS PRODUCTION COMPANY, INC., an Oklahoma Corporation, Appellees, v. OKLAHOMA PETROLEUM EXTRACTING CO., a Delaware Corporation, Sanford R. Stallard, and William R. Walker, As Trustee of the William R. Walker Trust under Agreement dated April 25, 1975, Appellants.

Supreme Court of Oklahoma.

December 17, 1985.


Attorney(s) appearing for the Case

James W. George & Associates by Paul DeGraffenreid, Oklahoma City, for appellants.

Rainey, Barksdale & Barksdale by Bill Barksdale, Okmulgee, for appellees.


DOOLIN, Vice Chief Justice.

This case calls upon us to determine, as a matter of first impression, whether a party to a foreclosure suit who is a working interest owner of oil and gas rights may be held personally liable in a deficiency judgment in the event that the amount derived from the value of foreclosure of lien on the leasehold interest is insufficient to pay the claim. We hold that where a lessee is primarily chargeable...

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