Nepstad v. East Chicago Oil Assn., Inc.

This action arose out of the following facts: On April 26, 1928, defendant East Chicago Oil Association, hereinafter called the association, made an agreement with Marion W. Edwards, whereby Edwards was to drill an oil-well on certain described lands held by the association under lease from T. R. Reinke, and to receive therefor from the association $2,000 cash and $6,000 from the gas produced, at the rate of two and one-half cents per thousand cubic feet. Thereafter Edwards assigned his rights under the agreement to plaintiff, who thereby became entitled to receive these payments, none of…