Humble Oil & Refining Co. v. Davis

Plaintiffs below- were B. R. Davis and W. W. Bates. Defendants below were Humble Oil & Refining Company and J*. L. Hill and wife, M. A. Hill. There were other defendants, but they are not involved in the appeal. The purpose of the suit was to reform an oil lease on 20 acres of land. The lease was dated October 4, 1921, and was what is termed a “commercial lease.” It was for a period of five years, or' as long thereafter as oil or gas was produced, in paying quantities. There was a down payment of $120 and -annual rentals of $30’ each. The date inserted for the. payment of the first annual…