BEN C. DAWKINS, Jr., Chief Judge.
September 11, 1961, Geo. H. Jett Drilling Co., of Shreveport, Louisiana, executed a contract with E. H. Tibbits, a resident of Texas, d/b/a Tibbits Drilling Company, in which Tibbits agreed to drill an oil well in Jefferson County, Mississippi, for $39,350.00. Tibbits' subsequent financial difficulties prompted his creditors to demand payment of their claims by Jett from the amount it would otherwise owe Tibbits under the contract...
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