Tedrow v. Shaffer

Upon Jan. 3, 1916, E. S. Tedrow and wife executed and delivered to W. B. Walton an oil and gas lease on 80 acres in Vinton county, By the terms of the lease, lessors granted and demised to lessee all the oil and gas in and under said tract of land, and also the said tract for the purpose of operating thereon for oil and gas, for the period of ten years, “and as much longer as oil or gas is found in paying quantities.”

It was also stipulated, that if a well was not completed in six months, the lease would be void unless $20 annually, quarterly in advance was paid to lessor for esfth year that…