landowner

Extensions

If one tract of land has a well but the other tract on same lease does not have well, does the 2 year extension get paid?

Views: 186

▶ Reply to This

Replies to This Discussion


landownerPermalink Reply by robert minton on December 10, 2011 at 15:41

"Leased premises" consists of both tracts. The well on one of the  tracts in the lease, and keeps the lease alive. No need for lessee to pay for extension-lease has been extended by well on the other tract. 7, 8,or 9 tracts in a lease constitutes leased premises, just as  many apples constitute a bushel.


Oil & Gas ProPermalink Reply by The_Baron on December 12, 2011 at 4:04

only if you have a horizontal pugh clause.

 

If so the other tract would not be HBP if it is outside of the unit.

RSS

© 2026   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service