Hollister Co. v. Cal-L Exploration Corp.

Opinion

FILES, P. J.

This is an appeal from a judgment after a court trial cancelling and terminating an oil and gas lease and quieting title to the subject property as against the lease and appellants on the ground that the lessee, appellant Cal-L Exploration Corp. (Cal-L), had failed to comply with the drilling requirements of the lease.

The lease in question was entered into June 1, 1964, replacing an earlier lease between the same parties dated March 1, 1959. The original lessor was Hollister Estate Company, a corporation (Estate). In 1965 Hollister Company, a joint venture (Hollister)…