Concord Oil Company and Crenshaw Royalty Corporation, Petitioners v. Pennzoil Exploration and Production Company…

Summary

The Texas Supreme Court held that the 1937 mineral deed conveyed a single 1/12 interest in the mineral estate, including rentals and royalties, and reversed the Court of Appeals judgment in favor of Pennzoil. The Court also held that prejudgment interest is not recoverable under the Texas Natural Resources Code when a title dispute exists. Justice Enoch concurred in the judgment, while Justice Gonzalez dissented, arguing that the deed created two separate estates and would have affirmed the appellate decision.