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When is a Hydraulically Fractured Well ‘Complete?’

By on August 4, 2019 in Contracts, Energy, Oil & Gas, Real Estate

Oil pump rigThe expiration of an oil and gas lease’s primary term does not necessarily release all non-producing lands, writes J. Mark Robinette.

“This can be so even when the lease contains a Pugh Clause. Typically, most leases contain savings provisions that extend the lease beyond the primary term when the lessee ‘continuously prosecutes’ drilling operations,” he explains.

In a post on his website, he provides a sample of this saving provision from the Producer’s 88 lease form.

Read the article.

 

 

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