Rogers Nat. Bank of Jefferson v. Pewitt

WILLIAMS, Justice.

W. C. Ralph and wife, the fee owners of four contiguous tracts of land, aggregating 162 acres, later surveyed out to be 184.49 acres, joined by the owners of other mineral interests in the tracts, on May 10, 1940, executed and delivered to T. W. Henry and Jim Parsons, as lessees, an oil and gas lease, represented by two instruments of similar import, covering above land which will be referred to as the senior lease. In June, 1940, Parsons assigned his interest in above leasehold estate to Henry, but in this assignment the former reserved and retained as an overriding…