Leonard v. Barnes

CHAVEZ, Justice.

Appellants, plaintiffs in the lower court, appeal from a judgment dismissing appellants’ complaint and adjudging appellees to be the owners of the of 14 royalty interest in question.

The stipulated statement of facts is as follows:

“1. That on June 13, 1946 an oil, gas and mineral lease was made and entered into by and between J. V. Terrill, a bachelor, S. J. Iverson and wife, Marjorie Iverson, Neville G. Penrose and wife, Doris Penrose as ‘Lessor’ and Forrest Oil Corporation as ‘Lessee’ which described the lands covered thereby in Lea County, New Mexico, as follows:

Undivided j4…