Breckenridge v. Parrott

On the 11th day of June, 1890, Peter Parrott, appellee, of Adams county, Indiana, executed to E. T. Anderson & Co. an oil and. gas grant, or lease, on 160 acres of real estate in said county. The exclusive right of drilling and operating on said real estate for petroleum and gas was granted to said Anderson & Co. by the terms of said lease, for five years. By the terms of said lease or grant, the said E. T. An*412derson &' Co. agreed to complete a well on the real estate described in the lease within one year from the date of the lease, or, in default thereof, to pay the appellee for further…