Everett v. Phillips Petroleum Co.

McCALEB, Justice.

This is a suit to recover royalties and the balance due on a bonus payable under an oil, gas and mineral lease. Plaintiffs, Frank E. Everett and J. M. Kaplan,1 are the owners of squares and strips of land of various dimensions, including an irrigation canal 100 feet wide running through the Erath Oil Field, which is located in a rice farming section of Vermilion Parish. On May 21, 1940, they granted an oil, gas and mineral lease to defendant, Phil*840lips Petroleum Company. This lease provided, among other things, for payment of a % royalty on oil produced and saved from the land…