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SEATTLE-FIRST NAT. BANK v. CARLSTEDT

Nos. 84-1955, 84-1961, 84-1967, 84-1974, 84-1978, 84-1979, 84-1984 and 84-1988.

800 F.2d 1008 (1986)

SEATTLE-FIRST NATIONAL BANK, Plaintiff-Appellee, v. James CARLSTEDT, William H. Erwin, Myron W. Wheat, Jr., M.D., Martin Itzler, William L. Gray, III, James L. Erb, Bernard Edwards, and Carl Anderson, Defendants-Appellants.

United States Court of Appeals, Tenth Circuit.

September 8, 1986.

Attorney(s) appearing for the Case

Bruce E.H. Johnson of Davis, Wright, Todd, Riese & Jones, Seattle, Wash., and Russell L. Mulinix of Hastie & Kirschner, Oklahoma City, Okl., for plaintiff-appellee.

James M. Shuler of Kass, Hodges & Massari, Tampa, Florida (Larry D. Patton, Oklahoma City, Okl., with him on brief), for defendants-appellants.

Before BARRETT, MOORE, and BALDOCK, Circuit Judges.

PER CURIAM.

This consolidated appeal is from an entry of summary judgment by the district court in favor of Seattle-First National Bank on 35 promissory notes executed by appellants-defendants in exchange for loans to purchase ownership interests in Onyx Private Drilling Program, Ltd.-1981 (Onyx), an Oklahoma oil and gas drilling limited partnership.

In 1981, Ramco Well Services, Inc. formed the Onyx Private Drilling Program. Investor interest in Onyx was...

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