Show Ruling Euling Received on on Drilling Pacts Drilling companies which enter into with private parties so that the contracts provide for a a. practical assignment o of interests may be forced to relinquish such pacts Jf it the general land and office rul rulIng ui rul- ing received by Local Register Eli Ell F. F Taylor Is interpreted correctly The decision said In part Where the effect of ot an arrangement arrangement arrange arrange- ment under an operators operator's agreement in fact tact transfers the obligation of the permit or lease and control to the operator so as to amount to to toan an assignment thereof the interest of ot the operator m must st be ba regarded as a direct holding under unde the act of ot February 25 1520 1920 I 1 |