The Oklahoma Supreme Court ruled in support of Oklahoma City’s Devon Energy in a court fight over royalty payments collected on nine wells in Kingfisher County.
With only one justice dissenting, the Court upheld a trial court’s summary judgment in favor of Devon Energy in a dispute with trustees of the Eunice S. Justice Revocable Trust Agreement. The trust argued a 1978 lease entitled the trustees to a 3/16 royalty while Devon maintained that a 1973 Lease, entitling the Trust to a 1/8 royalty was in effect.
The Justices determined the fight over which lease controls is best characterized as a quiet title claim. They also found the trial court was not wrong in applying a statute of limitation to the quiet title claim made by the Trustees.
KAUGER, WINCHESTER, EDMONDSON, COMBS, GURICH, and DARBY, JJ., concur.
ROWE, V.C.J., and KUEHN, J. (by separate writing), concur in result.
KANE, C.J., dissents.