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HOGG v. JERRY

No. 89-119.

773 S.W.2d 84 (1989)

299 Ark. 283

Herbert HOGG d/b/a Jo-Cal Oil Company, Appellant, v. Tommy Lynn JERRY, et al., Appellees.

Supreme Court of Arkansas.

June 26, 1989.

Attorney(s) appearing for the Case

Bramblett & Pratt by James M. Pratt, Jr., Camden, for appellant. Spencer, Spencer, Depper & Guthrie by J.V. Spencer, III, El Dorado, and Knobles & Klingemann, Inc., Seguin, Tex., for appellees.

HAYS, Justice.

In 1983 Herbert Hogg, an independent oil producer, purchased an oil lease in the Lawson Field of Union County. As lessee, Hogg acquired a 75% working interest1 in any oil production from this property. Hogg sold one half of the lease to Nolan Haines and, in order to raise money for drilling, sold fractional interests to the appellees.

Appellee Tommy Lynn Jerry, an employee of Lion Oil Refinery, bought 2.5% of Hogg...

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