Southern Oil Co. v. Frazier

Opinion of the Court by

Commissioner Hobson

Affirming. •

On November 10, 1916, J. M. Frazier and wife conveyed to the Southern Oil Company all the oil and gas in a tract of land in Magoffin county on which they resided, together with the exclusive right to operate and drill for oil and gas thereon, etc. The lease contained this provision:

‘ ‘ To Have and to Hold the interest hereby conveyed unto said grantee, for the term of ten years from the date hereof and as much longer as oil or gas is produced in paying quantities, yielding and granting to the grantor the one-eighth part of all the oil…