Warfield Natural Gas Co. v. Endicott

Opinion op the Court by

Judge Thomas

Reversing.

On March 2, 1921, the appellee and plaintiff below, Sam Endicott and his wife, Vina Endicott, executed an oil and gas lease on one of the tracts or parcels of land owned by the husband in Martin county, Ky., to the United Fuel Gras Company, containing provisions usually found in such leases with reference to the privileges of the lessee, and providing for royalty payments in case of production and likewise for the payment of ‘ ‘ delay rentals” for the period of nondevelopment, which was 12% cents per acre quarterly, or 50 cents annually, and which…