Placid Oil Co. v. Hebert

ROGERS, Justice.

In the year 1937, T. & J., Inc., a Louisiana corporation, obtained two mineral leases covering parts of certain streets in the Town of Tullos, a municipal corporation created and operating under the provisions of Act 136 of 1898. One of the leases was granted by the municipality itself and the other lease was granted by the heirs of Henry Tullos, Sarah Tullos and Frank Tullos. Acting under the authority of the leases, T. & J., Inc., drilled four oil wells on the property, all of which proved to be producers of oil in commercial quantities. The oil was sold to Placid Oil…