Monarch Oil & Gas Co. v. Hunt

Opinion of the Court by

Judge Sampson

Affirming.

To the usual terms of a printed oil and gas lease appellee, Hunt, and the appellant, Monarch Oil and Gas Company, added the following paragraph:

“In case no well or prospect hole be .commenced by said second party on said premises within three months of date thereon, all rights and obligations secured under this contract shall cease, unless the said second party shall elect to continue this lease in force from year to *316year by paying an annual rental of $1.00 per acre for all said premises, or such portion thereof as may be designated by said second…