Caylor v. Bankers Oil Co.

The opinion of the court was delivered by

Dawson, J.:

This was an action to cancel an oil and gas lease.

On June 11, 1914, the plaintiffs leased to defendant’s grantors the gas and oil rights on 97 acres of land for one yean and as much *225longer as gas or oil should be found in paying quantities. The consideration was a dollar in cash, one-seventh of any oil production, and $50 per annum on any well producing gas in sufficient quantities to justify marketing, together with free gas for plaintiffs’ household use. It was also provided that if a well was not completed within 60 days, unavoidable…