Warfield Natural Gas Company v. Ward

Opinion of the Court by

Hobson, Commissioner—

Reversing.

Appellee, Fanny E. Ward, owned a tract of 98% acres of land in Martin county on which the Warfield Natural Gas Company held a lease for oil and gas. The lease was dated April 1, 1907, and by its terms was to remain in force for a term of thirty years from date, with the right to renew under same conditions for a similar or longer period or as long thereafter as oil or gas was produced thereon. The lessee was to pay an annual rental of 22% cents per acre to be paid quarterly in advance. The lessee paid the annual rental regularly. On April…