Blakley v. Marshall

Citations

• 174 Pa. 425
• 34 A. 564
• 1896 Pa. LEXIS 901

Syllabus

<p>Lease — Oil and gas lease — Sale of oil.</p> <p>An oil lease, investing the lessee with the right to remove all the oil in «place in the premises in consideration of his giving the lessors a certain percentum thereof, is in legal effect a sale of a portion of the land, and the proceeds represent the respective interests of the lessors in the premises.</p> <p>Life estate — Oil lands — Remainder-men—Royalties.</p> <p>If the lessors in an oil lease are life tenants and remainder-men the life tenants are entitled to the interest on the royalties during life, and at their death, the corpus of the fund made up of the aggregate royalties goes to the remainder-men.</p>