Fort Henry Oil Co. v. Rose

Opinion of the Court by

Judge Clay

— Affirming.

On April 10, 1916, J. I. Eose and wife executed an oil and gas lease on their farm in Jackson county, which lease was on May 9,1917, assigned and transferred to the Fort Henry Oil Company. The lease contained the following provisions:(1) “To have and to hold said premises as long as oil or gas is produced thereon, or the rental paid thereon. If no well is producing oil or gas on the above described premises within five years from date, this agreement renders this agreement void.

*588(2) “The parties of the second part agree to complete a well on the…