Cherokee Oil & Gas Co. v. Lucky Leaf Oil & Gas Co.

Opinion by

STEPHENSON, C.

The Lucky Leaf Oil & Gas Company was the owner of an oil and gas lease which granted to the holder thereof certain oil and gas rights in and to the lands described in the lease. The instrument was in the usual commercial form used for such grants and conveyances. The Lucky Leaf Oil & Gas Company sold and assigned the lease, which is now owned by the plaintiff. The material part of the assignment which is in controversy is in the following language:

“Reserving, however, to the said Lucky Leaf Oil & Gas Company a 1-16 interest, which interest is to be delivered to said…