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PHILLIPS OIL CO. v. OKC CORP.

No. 86-3322.

812 F.2d 265 (1987)

PHILLIPS OIL COMPANY, Plaintiff-Appellee, v. OKC CORPORATION, et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied April 17, 1987.

Attorney(s) appearing for the Case

Gene W. Lafitte, John M. Wilson, Joe B. Norman, Liskow & Lewis, New Orleans, La., for defendants-appellants.

Kennedy J. Gilly, Jr., Charles D. Marshall, Jr., Milling, Benson, Woodward, Hillyer, Pierson & Miller, New Orleans, La., for plaintiff-appellee.

Before RANDALL, JOHNSON and JONES, Circuit Judges.

RANDALL, Circuit Judge:

Appellant, OKC Corporation ("OKC"), appeals from the district court's grant of partial summary judgment in favor of appellee, Phillips Oil Company ("Aminoil"),1 and the decision in favor of Aminoil on trial of the accounting portion of the action. We affirm.

I.

On July 1, 1967, Aminoil, with three partners, acquired from the United States a lease covering an area in the Gulf of Mexico known as...

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