Eagle Gas Co. v. Doran & Associates, Inc.

NEELY, Justice:

In 1962, Eagle Gas Company, the plaintiff below, entered into an oil and gas lease with the owners of the oil and gas on a 140 acre tract in Harrison County. The 1962 Lease was granted for a term of ten years from 6 April 1962 and as long thereafter as the lessee either searched for or produced oil or gas. No wells were drilled on the 140 acres within the ten-year primary term of the 1962 Lease; consequently, it expired by its own terms in the Spring of 1972.

In the Fall of 1972, Eagle Gas sought to renew the 1962 Lease. A new lease instrument (“the 1972 Lease”) was signed by…