Vaughan v. Doss

Ed. F. McFaddin, Justice.

On petition of the Landowner-Lessors, the Chancery Court cancelled an oil and gas lease for failure of the Lessees to pay the delay rentals at the time and place designated in the lease; and to reverse the Chancery decree, the Lessees bring this appeal. For convenience, we shall refer to the parties as “Lessors” and “Lessees.”

The facts were stipulated. Lessors, being the owners of 200 acres, executed an oil and gas lease to Lessees on March 8, 1947. The lease provided, inter alia:

“If no well be commenced on said land on or before the 8th day of March, 1948, this lease…