Opinion · Texas Supreme Court

Jupiter Oil Co. v. Snow

819 S.W.2d 466

Type
Opinion
Court
Texas Supreme Court
Jurisdiction
Texas
Date
1992-01-08
Topic
general

How later courts describe this case

  • describing grantee's mineral interest "[i]n the event the lease now on said land is forfeited or terminated"
  • holding this to be the rule in Texas
  • “Texas courts have long recognized that the owner of a mineral estate can sell or assign the possibility of reverter.”
  • fraction in granting clause 1/16 and in subsequent clause 1/2; 1/2 interest conveyed
  • grantor’s possibility of reverter in the mineral estate becomes a present possessory interest only upon the termination of the lease
  • “forfeited or terminated without producing mineral of any kind”
  • in determining the grantee’s interest in a future lease, the court did not limit its consideration to the deed’s future lease clause, and instead looked to all provisions in the deed, harmonizing seemingly conflicting provisions, in an attempt to ascertain the grantor’s intent

Citator

UpLaw has not yet analyzed Jupiter Oil Co. v. Snow. The absence of a flag is not a finding that it is good law.

Cited by
49 opinions