Hope v. Barham

PORTEME, District Judge.

Plaintiff alleges that prior to August, 1937, she was the owner in fee of 580 acres of land in Webster Parish, Louisiana, in the midst of the new Cotton Valley oil field; and that prior to the date mentioned she had granted two oil and gas leases, one to J. G. Sellwood and another to the Hunt Oil Company, under which leases she was to receive, as part consideration, a bonus or “oil payment”, of $75,-000 in the first case and $50,000 in the second case, payable contingently out of seven sixty-fourths of the oil first taken, saved and sold from the leased premises by the…