Clingman v. Devonian Oil Co.

ODOM, Justice.

On March 24, 1936, plaintiff granted an oil and gas lease on 162 acres of land in Caddo parish to George B. Foster, and Foster assigned it to the defendant company.

The consideration paid was $1 per acre, or $162, cash, which covered the rental for one year. The primary term of the lease was ten years, the contract containing the following stipulation:

“If operations for drilling are not commenced on said land on or before one year from this date this lease shall then terminate as to both parties unless on or before such anniversary date lessee shall pay or tender to lessor or to…