WTX Fund, LLC v. Ray Holt Brown, Patti Holt Elkins, Janie H. Giddiens Trust, Bobby Van Holt Revocable Living Trust, Jay F. Holt, John Thomas Holt, Cheryl Jones, Debra Lynn Morgan Revocable Trust, Judy K. Wadsworth and Susan G. Wesson Revocable Living Trust
WTX Fund, LLC (Appellant) appealed the trial court's ruling on cross motions for summary judgment concerning the interpretation of a 1951 mineral deed. The core dispute was whether the original grantors conveyed their entire mineral interest or reserved their royalty interest. The trial court had granted summary judgment in favor of the Holt heirs (Appellees), concluding that the deed conveyed all mineral interests, including the royalty. However, the appellate court determined that the 1951 deed expressly excluded the grantors' royalty right in its entirety from the conveyance. Consequently, the appellate court reversed the trial court’s judgment, rendered partial judgment in favor of WTX, and remanded the case for a reconsideration of WTX’s remedy and attorney's fees.