Chisos, Ltd. v. JKMEnergy, L.L.C.,___P.3d___, No. 29265, 2011 WL1260231 (N. M. Ct. App. Jan. 13,2011), involved the effect and consequences of an assignment from Chisos (the assignor) to JKM (the assignee) that, in pertinent part, provided as follows: WHEREAS, Assignor is the owner of record of 100.00% of the operating rights in State Oil and Gas Lease - Stetson "2" State Com No. 1 Well, API Number 30-015-31012, located 990 feet from the South line and 990 feet from the West line, Section 2, Township 19 South, Range 29 East, NMPM, Eddy County, New Mexico (the "Well").
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