Mon-Tex Oil Corp. v. Poteet

Of date May 21, 1918, Lee Poteet and wife executed and delivered to J. A. Fisher and C. W. Gilliland an oil and gas lease, reciting a consideration of $1 “and the release of an oil and gas lease executed in favor of Fisher and Gilliland”; also reciting as a part of the consideration “the covenants and agreements” contained in the lease “to be paid, kept and performed by the lessee.” This leáse purports to “grant, convey, demise, lease and let” a certain 80-acre tract of land described therein, “for the sole and only purpose of mining and operating for oil and gas and laying pipelines, and of…