Union Gas Oil Company v. Wright

Opinion op the Court by

Commissioner Hobson—

Affirming.

On February 8, 1916, W. H. McKenzie leased Ms farm of 100 acres to A. C. Albin for oil and gas, stipulating that the lessee should begin a well on the premises within 1 year from the date of the lease, and if he failed to do so the lease should become null and void unless the lessee paid annually to the lessor 10 cents an acre, in which event the lease would continue at the option of the lessee for 10 years, or as long as oil or gas was produced in paying quantities. In November, 1918, McKenzie conveyed 20 acres of the farm to his son,…