R. Lacy, Inc. v. Jarrett

WILLIAMS, Justice.

That part of an oil, gas and mineral lease pertinent to the question presented in this suit brought under the Uniform Declaratory Judgments Act, Title 46A, Art. 2524— 1 et seq., Vernon’s Texas Ann.Civ.St. reads:

“This agreement made the 19th day of Nov., A.D. 1945, between W. J. Durham, lessor, and S. W. Breeding, lessee, wit-nesseth:

“1. Lessor in consideration of $10 in hand paid of the royalties herein provided, and of the agreement of lessee herein contained hereby grants, leases and lets exclusively unto lessee for the purpose of exploring, drilling and mining for and…