Tooke v. Simplex Oil Co.

PONDER, Justice.

The plaintiffs in this suit seek the cancellation of certain oil and gas leases. The basis of the suit is lack of adequate development, and in event the court found that. there was adequate development the return from the lease was not in .paying quantity.

During the year 1925 Mrs. Betty Scott Youree and several others owned a tract of land in the Parish of Caddo containing 2,340 acres. On July 8, 1925 they, the owners of the land, executed an oil, gas and mineral lease on the land to D. C. Richardson. There were various assignments made with reference to this lease. However,…