Stone v. Marshall Oil Co.
Supreme Court of Pennsylvania
Appeal, No. 152, Oct. T., 1903, by plaintiff, from decree of C. P. No. 2, Allegheny Co., Oct. T., 1893, No. 132, on bill in equity, in case of C. W. Stone et al. v. Marshall Oil Company et al. Bill in equity for an account. The facts are stated in the opinion of the Supreme Court. The supplemental report of the master, J. T. Gray, Esq., was as follows : The master has found the supplemental findings of fact and reached the conclusions hereinbelow enumerated.
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Appeal, No. 152, Oct. T., 1903, by plaintiff, from decree of C. P. No. 2, Allegheny Co., Oct. T., 1893, No. 132, on bill in equity, in case of C. W. Stone et al. v. Marshall Oil Company et al. Bill in equity for an account. The facts are stated in the opinion of the Supreme Court. The supplemental report of the master, J. T. Gray, Esq., was as follows : The master has found the supplemental findings of fact and reached the conclusions hereinbelow enumerated. FINDINGS OF FACT. The John Grimes well contributed 24.55 per cent of the total flow of gas into the common line, during the period…
1Opinion of the Court
Opinion by
Mr. Justice ■ Dean,
Akin, one of the plaintiffs, on November 13, 1885, leased from Grimes the oil and gas under the latter’s 150-acre farm in Washington county, for the term of three years or as long as oil and gas should be found in paying quantities. Akin as a consideration was to give one eighth the oil if oil were found, and in case gas was struck in paying quantities, was to pay Grimes $700 annually for each well. One well was to be completed within a year, and Akin was to pay $150 annually in quarterly payments until a well was completed; the lease was acknowledged and recorded…
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