Keaton v. Taylor

For convenience, the parties will be referred to as they appeared in the trial court.

On the 7th day of July, 1919, the plaintiffs. entered into a contract with the defendant whereby the plaintiffs agreed to drill an oil or gas well for defendant on certain land in Carter county. The drilling machinery, boiler, engine, etc., was to be furnished by the plaintiffs; the defendant was to furnish the rig, easing, fuel, and water. The contract specified the cost per foot fo.r drilling the well to bt paid plaintiffs by defendant down to a depth of 2,500 feet, and alter that, should the well be…