Logan Gas Co. v. Public Utilities Commission

By the Court.

One of the chief points contended for by the gas company is that the commission erred in the amount which it included in the valuation for plaintiff’s gas lands and leaseholds. The company claims a valuation of over $14,000,000 for these leaseholds, which may be classified as follows:

Class No. 1. Leases of tracts of land having producing gas wells drilled thereon from which gas is being furnished to the public.

Class No. 2. Leases of tracts of land proved by actual developments and operations in the immediate vicinity thereof to be good gas-producing lands, but which do not have…