Swiss Oil Corporation v. Fyffe

Opinion op the Court by

Van Sant, Commissioner

—Reversing in part and affirming in part.

On May 18, 1916, appellees, Felix Fyffe and his wife, executed and delivered to A. C. Albin an oil and gas lease on their farm in Johnson County, Kentucky, whereby they granted to the lessee the oil and gas in and under the premises described, together with the right to enter thereon for the purpose of drilling and operating for oil and gas. In consideration of the lease, the lessors retained as royalty one-eighth (%) of the oil, and the lessee agreed to pay One Hundred Dollars ($100) annually for each gas…