Knight v. Chicago Corp.

Mr. Judge Hickman,

of the Commission of Appeals, delivered the opinion for the Court.

The petitioners brought this suit in the form of an action in trespass to try title for a decree that a certain oil, gas and mineral lease executed by them, as lessors, to Richardson Petroleum Company, as lessee, had terminated. The lease was dated October 7, 1940, and covered a tract of 320 acres in Neuces County. Simultaneously with the execution of the lease the lessee conveyed to lessors an oil payment out of the leased premises in the amount of $32,000 payable out of l/32d of 7/8th of the production, At…