Berthelote v. Loy Oil Co.

This is a statutory action brought under the provisions of sections 6902 to 6904, inclusive, Revised Codes of 1921, for the cancellation of an oil and gas lease, for the recovery of damages, and for the statutory penalty for the failure of the lessee, upon demand in accordance with these statutes, to release it of record.

Plaintiffs executed the lease in question on February 26, 1926, for a term of five years “and as long thereafter as oil and gas or either of them is produced from said land by the lessee.” The lease described 3,600 acres of land and named the defendant Loy Oil Company as…