Producers Pipe and Supply Co. v. James

This action was initiated March 1, 1956 to cancel an oil and gas lease executed December 14, 1917, which covered a certain 290 acres in Section 7, Township 22 North, Range 3 West, I.M., Garfield County. A producing well devéloped by the lessee existed on a portion of the premises at the time the lease was executed. Subsequent to the execution of the lease, the lessee divided the lease by two assignments to separate assignees; one of 247 acres and the other of 43 acres. By 1950 these two portions of the lease, by various assignments, had been assigned to the same entity, the plaintiff in…