Producers Oil & Gas Co. v. Continental Securities Corp.

O’NIELL, Chief Justice.

The Producers Oil & Gas Company is appealing from a judgment dismissing the company’s suit on an exception of no cause or right of action. The object of the suit is to have a certain oil and gas lease declared continued in effect by virtue of certain drilling operations which the lessee, Producers Oil & Gas Company, was conducting when the five-year term of the lease expired. The contract of lease was entered into on the 15th day of October, 1931, for the primary term of five years. Hence the term had expired when this suit was filed, on January 18, 1937, unless the…