Hodgkiss v. Northland Petroleum Consolidated

This action was brought to quiet title to a tract of land in Glacier county. On June 28, 1921, plaintiff and his wife executed an oil and gas lease to the defendant trust. The lease was in the usual form and was to continue for five years, with the right to further prolong its existence by the payment each year of $1 as rental unless commercial production was encountered before that time. The lease recited $1 as the considera tion and reserved to the grantors 12y2 per cent, of the oil and gas produced and saved from the land. At the same time the plaintiff and his wife executed a mineral deed…