Martin v. Dale

In 1925 Lenz, as agent for Martin, trustee, obtained from Mrs. May B. Dale an oil lease, which expired November 18, 1928. As a consideration for this lease, a substantial sum of money was paid, and an interest in any oil which might be produced was reserved. Lenz began his search for oil and gas, and put down half-a-dozen or more wells, all of which proved to be dry holes. Notwithstanding all these failures, Lenz’s faith continued, and in June, 1928, he commenced negotiations for a six months’ extension of the lease. These negotiations were had with Miss Lois Dale, the daughter and agent of…