Stubbs v. Imperial Oil & Gas Products Co.

On March 16, 1918, plaintiffs, as lessors, entered into an oil and gas lease with one Joseph B. Cheuvront, as lessee, the contract embracing several contiguous tracts of land containing nearly 1,200 acres in the parish of Ouachita. Subsequently the lessee assigned his rights .in the lease to the present defendant.

One of the provisions of the contract reads as follows, viz.:

“If the lessee shall sink a well or shaft and discover oil or gas in paying quantities in or under the above-described land, then this lease shall remain in full force and effect for ten years from such discovery, and as…