Waddle v. Lucky Strike Oil Co., Inc.

OPINION

FONES, Justice.

This action was instituted by plaintiff, as lessee, seeking a declaration that an oil and gas lease remains in full force and effect and for other relief. The Chancellor denied the relief sought and the Court of Appeals reversed. We granted the writ of certiora-ri.

■The issues are whether lessee was in default in failing either to drill or to pay delay rental, and, if so, whether the lease terminated by its own terms, without the necessity of “a final determination” of default, followed by a reasonable time within which to comply.

The oil and gas lease was entered into on…