Bath Form Lease Granting Clause with No Depth Limitation Held Unambiguous

摘要

In Alyce Gaines Johnson Special Trust v. El Paso E&P Co., L.P., Civ. Action No. 10-0016,2011 WL 759631 (W.D. La. Feb. 24, 2011), the district court reviewed the scope of the granting language in a standard M.L. Bath Co. form lease known as the Louisiana Bath form 14-BRI-24. The lease was executed in 1950, covers approximately 1,230 acres, and provides for a 1/8 royalty. The lease also required payment of a $50 per acre lease bonus. Id. at*l.