Walter v. Ashland Oil & Refining Co.

Affirming.

The appellants and the appellees are the owners, respectively, of conflicting oil and gas leases which were executed by A.V. Buckman and wife and on a 35-acre tract of land in Union county. The appellees' lease, which we shall speak of as the "Basin" lease, bears date October 3, 1941, was for a primary term of five years, and was recorded in the office of the clerk of Union county on September 19, 1942. It is what is known in the parlance of oil and gas men, and by the legal profession, as an "unless" lease. Those portions of it which are material to the present inquiry are in the…