Jones v. Kentucky Glycerine Company

Opinion of the Court by

Judge Thomas

Thomas—Affirming.

In 1919 appellants (Cy Jones et al.) and other persons not parties to this litigation, organized and incorporated the Bernstadt Oil & Gas Company for the purpose of drilling for oil in Laurel county and developing certain oil leases transferred to it by the incorporators, aggregating about 3,500 acres. A drilling rig was purchased and the drilling of a well started on the farm of Cy Jones,- one of the lessors-in the leases acquired by the company. After the consumption of much time, and at considerable expense, the well -was sunk to1 a depth…