Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-11-20

.aud FOR a term ~ ~ years, and as
'"ng Thereafter as on or gas Ia pro
dut"d, executed fOT 4 cash CpuAid"r.
hiiUu or bonus Of fGIUD, and I1,0DO
To b" pnid out Oi % per cent ~ the
WORKING in,"I"E, Of oil produced, ana
whi"h provides for a royalty 10 me
lease" Of one eighth Of the oil and a
stipulated sum for each gIs well. tho
I"hh"" agreeing to complete "A wen in
30 dt}s from date, or pay at the rdle
~ $50 quarterly IN advance for each
additional three months such com
pI"ii"n In delayed, Is supported by a
7uiIiCitnt consideration. and N not
Noid Tor want Of mutuhlity, nOtwith-
standing the further agreement that
upon payment Of 81 at any time after
giving three months notice, the
lesSer should have the right to rur-
render IN" icus" for cancellation,
hfieI when all payments and liahili-
TIES thereafter to dccru" under and
by virtue NJ its terms should CraSe
and determine, and the grant become
absolutely null and void, and such a
rght given the lessee TO terminate
doe" not confer "A corresponding right
"I termination upon the lcsSUrs
Mines and Minerals I iOVenants
"f Dlligcnt operations In an oil and
gas lease for a term Of 10 years and
as long thereafter aa oil or gas Is
produced. providing royalties on the
on and gas 10 be paid the lessor ana
imposing rihc alternative duty on the
lessee Of fA'onplctInR "A well In 90
ddys, or paying sum speCH Hied m
advance each additional three
monthS such completion Is delayed,
lh"r" IL no implied covenant Tor diI-
lH"nl operation, or operation at all
during the term Of 10 years merely
because such operation may be con
Quoted successfully and prOfitdbly to
the parties The lessor Is dccn"d
To have aSsrntcd to the postpone
m"nt ~ operations through the scy-
rraI periods ana bound To accept the
periodical payments therefor.
.. Mines and Minerals Forfeit
urc for Drainage--Offsct Wells -
Under such lease tho lessor IN not
entitled to "A decree of forfeiture or
cancellation. ~ other relief, for
drainage nf the leased premises suf-
fur"d by failure to drill offset wells
during the portion Of the term OF 10
years. f0r which payments for delay
In completing "A well are made and
accepted with knowledge OF such
drainage.
Mines and Min"rals-Oftsct
Wells Tender of kcnt.ilS.- a SSum.
Ing that under such lease an ohliga.
ton to drill offset wells during the
l0-ycar period for the protection OF
the premises against drainage from
wells operated on adjacent lands.
"an bc implied. and that where. the
IcRHOr demands that such wells be
drilled and declines to accept fur
ther pay ments for delay In cOmplpt-
ing the well "a cancellation or for
iclturc of tho lease may be dcCrccd
for failure Of the lessee to do 80 in a
reasonable time after such demand.
such forfeiture or canoe CellatlOn Will
not Ice decreed In circumstances
where drilling such offset would not
be reasonably expected OF operators
of ordinary prudence, having regard
for the interests OF both lessor and
lessee. and where the lessee makes
timely tender OF all payments due
for delay. and especially 40 where II
reasonably appears that such offset
we'll would not be profitable to
lessee. and where II does not reason
ably appear that the value of the in
terests Uf the lessor In the oil that
probably could he saved from drain
age by such offset well would sub
Stantially exceed the amount stipu-
lated to be paid for delay in com
pleting n well.