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LYCO ACQUISITION 1984 v. FIRST NAT. BANK

No. 07-92-0263-CV.

860 S.W.2d 117 (1993)

LYCO ACQUISITION 1984 LIMITED PARTNERSHIP and Lyco Energy Corporation, Appellants, v. The FIRST NATIONAL BANK OF AMARILLO, Appellee.

Court of Appeals of Texas, Amarillo.

Opinion Overruling Motion for Rehearing August 26, 1993.

Attorney(s) appearing for the Case

Lumpkin, Barras, Reavis, & Bunkley, Don H. Reavis, Amarillo, for appellee.

Before REYNOLDS, C.J., and DODSON and POFF, JJ.

POFF, Justice.

Appellants Lyco Acquisition 1984 Limited Partnership and Lyco Energy Corporation (collectively Lyco), as an overriding royalty interest owner in seven Moore County oil wells since August 1984, sued the operator of the wells, Jelmo Oil Company, for $195,050.47 in unpaid casinghead gas proceeds. On April 30, 1991, Lyco deposed Jelmo's president, Wallace L. Bruce. Through Bruce's deposition, Lyco learned (1) that Jelmo had actually issued 25 checks totaling...

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