Stanolind Oil & Gas Co. v. Barnhill

Stanolind's (plaintiff) lease from Barnhill (defendant) ran for five years and thereafter only as long as oil or gas was produced in paying quantities; although Stanolind found gas during the five-year term, no market existed for that type of gas until months after the lease's five-year anniversary, and only then did Stanolind contract to sell it to Phillips Petroleum, prompting Barnhill to declare the lease terminated for failure to timely produce in paying quantities.