Croslin sues Enerlex seeking a judgment cancelling certain mineral deeds that were purchased by Enerlex. Enerlex makes an unsolicited offer in 2008 to purchase certain mineral interests from Croslin for $4,100, with the buyer being entitled to thereafter receive "all royalties, accruals and other benefits, if any" attributable to the interests, whether such sums accrued before or after the date of me sale. When Croslin agrees to sell the minerals under these terms, he does not know mat a currently producing well is located within a unit that includes me purchased interests and that $9,961.71 in proceeds are being held by the State Treasurer's office, available for claim by the lawful owner of the subject interest. When Croslin later learns of the existing production and the undistributed royalties awaiting the owner of the minerals, he files suit seeking cancellation of the deeds.
展开▼