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CONQUISTADOR PETROLEUM, INC. v. CHATHAM

No. 11-94-157-CV.

899 S.W.2d 439 (1995)

CONQUISTADOR PETROLEUM, INC., Appellant, v. Betty CHATHAM, Appellee.

Court of Appeals of Texas, Eastland.

Rehearing Overruled June 22, 1995.

Attorney(s) appearing for the Case

Bruce M. Partain, J. Mitchell Smith, Wells, Peyton, Beard, Greenberg, Hunt and Crawford, L.L.P., Beaumont, Billy W. Boone, Abilene, for appellant.

Frank D. Scarborough, Glandon, Scarborough, Gravley, & Leggett, Abilene, for appellee.

WRIGHT, Justice.

This is a summary judgment case involving the rule against perpetuities.1 The trial court granted summary judgment in favor of Betty Chatham (Optionor) based upon its finding that the option agreement violated the rule against perpetuities. Conquistador (Assignee of Optionee) appeals. We reverse and remand.

On May 23, 1988, Chatham entered into an oil, gas and mineral lease with Jack Landers and Brand Jones.

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