Common use of Development Clause in Contracts

Development. Upon discovery of oil and gas or either of them on the leased land, Lessee shall proceed with reasonable diligence to develop said land at a rate, and to an extent, commensurate with the economic development of the field in which the leased land lies.

Appears in 59 contracts

Samples: Oil and Gas Lease, Oil and Gas Lease, Oil and Gas Lease

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