Hill v. Stanolind Oil & Gas Co.

This case involves the construction of an oil and gas lease. The record discloses that on August 31, 1943, Ernest Oldland gave lease on customary producer’s 88 form, dated that day, to Joe T. Juhan. The recited cash consideration was $10.00, which was paid. The lease was for a term of five years, on customary one-eighth royalty, and provided that if no well was commenced on or before the 31st day of October, 1943, the lease should terminate unless lessee should pay to the lessor or to the lessor’s credit in the First National Bank at Meeker, Colorado, the sum of $320.00 which should operate…