MEMORANDUM OPINION
GEX, District Judge.
Plaintiff, Huffco Petroleum Corporation ("Huffco"), brought this action against Defendant, David H. Massey, for the recovery of $241,588.85 in well costs which Huffco alleges Massey is personally liable for on the basis of (1) their "agreement whereby Defendant, along with others, agreed to participate to the extent of their proportionate ownership interest in the expenses of drilling an exploratory well ...",
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