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  5. 966 S.W.2d 451 (1998)
 

CONCORD OIL CO. v. PENNZOIL EXPLORATION AND PRODUCTION CO.

No. 94-0504.

966 S.W.2d 451 (1998)

CONCORD OIL COMPANY and Crenshaw Royalty Corporation, Petitioners, v. PENNZOIL EXPLORATION AND PRODUCTION COMPANY, Pennzoil Producing Company, Sanchez-O'Brien Oil & Gas Corporation, and John M. Robinson, Respondents.

Supreme Court of Texas.

Decided February 26, 1998.

Concurring Opinion filed June 5, 1998.

Rehearing Overruled June 5, 1998.

Attorney(s) appearing for the Case

Andy Carson, Corpus Christi, Luther H. Soules, III, San Antonio, James P. Wallace, Ernest E. Smith, III, Austin, Laura H. Burney, San Antonio, Bruce M. Kramer, Lubbock, for Petitioners.

John G. Soule, Austin, Jeffrey T. Nobles, Houston, Frank Douglass, Austin, Tevis Herd, Midland, John M. Robinson, Maria Teresa Arguindegui, John Gaston, Houston, for Respondents.

OWEN, Justice, announced the judgment of the Court in an opinion in which PHILLIPS, Chief Justice, HECHT and ABBOTT, Justices, join.

The motions for rehearing were granted, and the opinion of the Court dated October 18, 1996 is withdrawn.

This case presents an issue with which this Court, other courts, and practitioners have struggled for many years: What interest has been conveyed in an oil and gas property when two differing fractions appear within the conveying...

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