Many mineral owners don’t realize oil lease clauses can stop them from being able to lease their property again for decades. They believe if a well has not been spud by the expiration date of their lease, their lease will expire. Because it seems pretty easy to figure out, right? If you signed a lease […]
[click to continue...]Oil and Gas Lease Clauses: Read the Fine Print
The size of the words on a page don’t always convey their true meaning.
Oil and gas lease clauses are no different.
There are a lot of moving pieces in oil drilling programs. The amount of equipment, people, and surprises that come with drilling wells is staggering.
This makes oilfield logistics extremely complicated. Managers across the oil patch put in long hours to ensure everything is in the right place. Time is money, so every operator wants to be as efficient as possible.
Sometimes it works, sometimes “the devil is in the details”.
Oil and Gas Lease Clauses: Mise en Place
Mise en place is an oil old french chef’s idiom. It means “putting in place”.
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