Hardin v. Howard

HAMITER, Judge.

B. A. Sherrill entered into a written contract with E. Howard and John P. Scott, under which the two .last mentioned parties agreed to drill a well in search of oil or gas on a 40-acre lease owned by Sherrill and located in Bossier parish, La. This particular tract was included in a 2,200-acre block of leases which had been previously assembled and acquired by Sher-rill. The drilling was to be prosecuted with due diligence to a depth of 2,500 feet, unless oil or gas was discovered in paying quantities at a lesser depth.

It was further agreed that the entire cost and expense of…