Arkansas court of appeals decision declines to Charge Record Mineral Owner's Lessee With Notice of Persons-in-Possession

摘要

In Walls v. Humphries, No. CA11-242,2012 WL 11458 (Ark. Ct. App. Jan. 4, 2012), Humphries entered into an unrecorded contract to sell a tract to Hernandez, who, in turn, made a similar unrecorded contract to sell the same tract to Walls. SEECO, Inc., which was without actual knowledge of these contracts, secured an oil and gas lease on the tract from Humphries, who had remained the record owner. Then Humphries executed a mineraldeed purporting to convey the tracts' minerals to Paraclifta and Claughton, who were likewise without actual knowledge of the unrecorded sales contracts.