Ricketts v. Welch

BLACKBIRD, Justice.

This appeal involves the question of who owns the mineral owners’ ⅛⅛ part of the sale proceeds of certain oil and gas produced on an 80-acre tract of land, many years after the parties’ predecessor in title, James S. Hubbard (who died in 1925), executed and delivered an oil and gas lease in 1921 covering the quarter section of land, of which the tract, here involved, comprises the southern half (described as the Sfá of NW¡4 of Sec. 12, Twp. 26 N., R. 2 W., in Kay County). This 160-acre lease, as well as the leasehold created under it, will be referred to interchangeably as…