Rex Oil & Gas Company v. Busk

Plaintiff Bex Oil & Gas Company held an oil and gas lease on 37 acres in section 20 of Croton township, Newaygo county, and other leases on lands in the immediate area. Bex produces and buys oil which it sells to refineries. Defendant Augie Busk, also a producer, had leases in the area. Desirous of exploring for oil the parties entered into a contract dated December 9, 1949, which provides that Busk would drill on the .Bex lease in section 20 and furnish full geological' and drilling information. He was required to commence operations within 30 days and continue with due diligence to a…