Opinion ID: 168824
Heading Depth: 3
Heading Rank: 4

Heading: The Machris Assignment: Tract 1

Text: 21 On October 6, 1954, Fred and Cyrene Luthy assigned to M.A. Machris the interest in Tract 1 of the Lease; in return, Machris and his wife assigned to Mr. Luthy a 15% overriding royalty interest in production on the tract. On May 24, 1963, Cities Service Oil Company — a buyer from Machris of gas produced from Tract 1 — prepared a Division Order for signature by the Bank indicating that the Bank was the owner of a 15% overriding royalty interest in Tract 1. 5 The record copy of the order does not contain a signature for the Bank. Similarly, on May 27, 1963, Warren Petroleum Corporation — another Machris buyer — prepared a Division Order for signature by the Bank indicating that the Bank was the owner of a 15% overriding royalty interest in the tract. Again, the record copy of the order does not contain a signature for the Bank. 22