Jones v. Bronco Oil & Gas Co.

Lessors Thomas Jones and Gladys Jones appeal from a final decree of the Circuit Court of Fayette County, declaring an oil and gas lease to be valid and in full force and effect as to all acreage described therein. Bronco Oil Company (lessee) is an assignee of the original lessee's rights under the lease in question.

The facts of this case are as follows:

On July 23, 1969, lessors entered into the oil and gas lease in question with H.E. Bollar, who subsequently assigned his rights under the lease. The lease covers 1696 1/2 acres of land in Fayette County, in which lessors had an interest equal…