Gillespie v. Ohio Oil Co.

■ Plaintiffs in error, Charles Gillespie and R. T. Gillespie, are the/owners in fee of ninety acres of land in Lawrence county. On February 23, 1906, for a consideration of one dollar, they leased said premises to James R. P'oole for the purpose of. developing, producing and marketing oil and gas therefrom for a term of five years “and so long thereafter as oil or gas is produced thereon.” By the terms of the lease the lessee was required to complete a well on the premises within one year or pay to the lessors an annual rental of twenty-five cents per acre until a well should be completed. As…