(Download) "Walter H. Mengden v. Peninsula Production Company" by The Supreme Court of Texas " eBook PDF Kindle ePub Free
eBook details
- Title: Walter H. Mengden v. Peninsula Production Company
- Author : The Supreme Court of Texas
- Release Date : January 24, 1976
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 72 KB
Description
This suit involves the pooling provisions of two adjacent mineral leases which were farmed out to the same assignee; the allocation of production on two gas units formed by the assignee from portions of both leases; and the method of calculating "payouts" and partial reversions under the farmout agreements. Peninsula Production Company, et al., successors in interest of the farmout-assignors, and Walter H. Mengden, Sr., the assignee who formed the gas units, sought declaratory judgments to determine the effective date of Peninsulas reversion or "back-in" right to one-fourth of the working interest on gas production, which was to occur after certain costs were recovered by Mengden.