McNabb v. South Eastern Gas Co. of West Va.

Opinion of the Court by

Judge Thomas

Affirming.

William W. Williams and wife, Rose Williams, on August 23, 1916, executed an oil and gas lease on a 50-aere tract of land they owned in Johnson county, Ky., to U. S. Walters — reserving a stipulated royalty for all oil produced and marketed under the lease and an annual royalty of $200 for all gas wells from which gas should be marketed. The lease was to run for 10 years, or so long as oil or gas was produced therefrom in paying quantities. No well of any kind was ever drilled by the lessee under that lease, or any person to whom he may have…