J. S. Abercrombie Co. v. Lehulu Oil Co.

O’NIELL, Chief Justice.

' E. Cockrell, J. H. Gans, and J. H. Meek, Jr., entered into a contract with the Lehulu Oil Company, by which Cockrell and Gans and Meek subleased to the oil company four-tracts of land on which the sublessors had mineral leases, recorded in the name of Cockrell. By the terms of the contract, the oil company was obliged to drill two wells to a specified depth and within a specified time, at the oil company’s expense. At the same time the parties entered into an agreement, to be held in escrow, by which the three sublessors agreed to transfer to the oil company one-half…