Heard v. Houston Gulf Gas Co.

BRYAN, Circuit Judge.

This is an appeal from a decree dismissing on motion a bill of complaint for want of equity. The subject-matter of the litigation is an oil and gas lease of 179 acres, executed February 8, 1926, by the plaintiffs as lessors and by the Houston Gulf Gas Company, one of the defendants, as lessee, for the term of two years from its date, and as long thereafter as oil or gas should be produced in paying quantities. The lessee agreed to commence actual drilling of a well on 50 acres to be selected by it within 30 days, and on the remaining 129 acres with*190in 60 days, and after…