Hurst v. Petroleum Exploration, Inc.

Opinion of the Court by

Commissioner Hobson

Affirming.

On Aprill 29, 1922, S. H. Hurst, leased to the Petroleum Exploration, a corporation, 2,000 acres of land for oil and gas. The lease contained the following provisions:

“To have and to hold unto and for the use of the lessee for the term of 5 years from the date hereof and as much longer as oil, gas, or gasoline is produced, yielding to the lessor the one-eighth part of all the oil produced and saved from the premises, delivered free of expense to the lessor’s credit into tanks of pipe lines and, before such delivery, un-. affected by any…