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TXO PRODUCTION v. FIRST NAT. BANK

No. 85-108.

705 S.W.2d 423 (1986)

288 Ark. 338

TXO PRODUCTION CORPORATION, Appellant, v. FIRST NATIONAL BANK OF RUSSELLVILLE, Appellee.

Supreme Court of Arkansas.

March 10, 1986.

RONALD A. MAY, Special Justice.

This is a suit by First National Bank of Russellville to recover royalties, penalties and attorney's fees under an oil and gas lease given to TXO Production Corporation. Shortly after suit was filed, TXO tendered royalties, and this action continued only as one for penalties and attorney's fees. The Trial Court found for the bank and TXO appealed. The case was transferred to this Court under...

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