GRISSOM, Chief Justice.
In 1950, Mrs. DePrange executed an oil and gas lease on 374 acres to A. M. King. In 1951, King assigned the lease to Griswold, reserving a production payment of $37,400 "to be paid out of 1/16 of 7/8 of the first oil and gas produced from said" 374 acres. In 1952, Griswold assigned the
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