Task: Text Completion
Input (English): (statute of frauds). Carpenter and Carpco further contend the trial court erred in concluding that the contract was partially performed and that promissory estoppel bars the application of the statute of frauds. The trial court found that the alleged contract provided that Phelps and Helms would initially share in a pro rata ownership of 100% of the M.T. Cole “A” lease until net revenues from the wells equaled the principal and interest due the investors, after which Phelps and Helms would share in a pro rata ownership of 50%. On appeal, the parties do not dispute that an agreement assigning such real property interests must contain a description of the property in order to satisfy the statute of frauds. See Westland Oil Dev. Corp. v. Gulf Oil Corp., 637 S.W.2d 903, 908 (Tex.1982) (<HOLDING>); Morrow v. Shotwell, 477 S.W.2d 538, 539 
 Holding statements: (A) recognizing that a metes and bounds partition when land contains oil and gas results in a serious loss to a coowner who receives a lot without oil or gas under the surface with the loss due solely to the division of the land (B) holding provision in oil and gas lease authorizing lessor to use gas for agricultural purposes contained no geographical limitations (C) recognizing oil gas and coal are minerals and holding if oil gas and minerals are reserved from the grant of the surface of several tracts of unseated land  they can be taxed as an estate in land (D) holding that allegations that states lease and actions that resulted in taking of oil and gas were sufficient to state claim for inverse condemnation (E) holding assignment of oil and gas lease is subject to business and commerce code section 2601
Output (English): (E)