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DEL-RAY OIL & GAS, INC. v. HENDERSON PETROLEUM CORP.

No. 85-4717.

797 F.2d 1313 (1986)

DEL-RAY OIL & GAS, INC., Plaintiff, v. HENDERSON PETROLEUM CORPORATION, et al., Defendants. HENDERSON PETROLEUM CORPORATION, a Nevada Corporation, Plaintiff-Appellee, v. LISKOW & LEWIS, A Partnership, et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

August 22, 1986.

Attorney(s) appearing for the Case

William D. Brown, Brown & Amman, Ralph J. Wicker, Monroe, La., for defendants-appellants.

Murray Ogborn, Nelson & Harding, Lincoln, Neb., Herman, Herman, Katz & Cotlar, Russ M. Herman, New Orleans, La., Pershing J. Latour, Donaldsonville, La., for plaintiff-appellee.

Before CLARK, Chief Judge, GOLDBERG, and GARWOOD, Circuit Judges.

PER CURIAM:

I

On February 24, 1981, William H. Krutzer, III with his wife (Krutzer) and Del-Ray Oil and Gas Company (Del-Ray) each purchased a forty-nine percent interest in three mineral leases, the "Broussard lease" and two "Landry leases." Krutzer and Del-Ray intended to resell these lease interests to Henderson Petroleum Corporation (Henderson), pursuant to prior negotiations with Henderson. Pershing J. Latour and his wife (Latour) held the remaining...

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