Peacock v. Schroeder

OPINION

Joe R. Peacock sought a declaratory judgment that an oil and gas lease on a portion of his property had terminated due to non-production in paying quantities. In the event the lease was found to be valid, Peacock sought a declaration that the lease denied the lessee, Walter R. Schroeder, access across Peacock’s land to the leased premises. Finally, Peacock sought a declaration that the lease denied Schroeder the right to locate oil field equipment on Peacock’s property. Schroeder filed a counterclaim seeking declarations that the lease had not terminated, and that he had an implied…