Riggsby v. Swiss Oil Corporation

Opinion op the Court by

Judge Thomas

Reversing.

On May 2, 1916, appellants and plaintiffs below, W. T. Riggsby and wife, gave to A. C. Albin an oil and gas lease on tbeir farm in Johnson county containing about 75 acres. The consideration paid, and agreed to be paid, by the lessee, as recited in the lease, was $1 paid at the time; one-eighth of all oil produced and saved from the premises; and $100 annually for each gas well from which gas was produced and transported. The lease was for a term of ten years from its date “or as long as gas or oil is found in paying quantities.” It was further…