Dry Hole Clause. If at any time during the primary term of this lease the Lessee shall drill a dry hole or holes on the leased premises, or if, after production is obtained, said production should cease during the primary term, this lease shall not terminate, provided Lessee commences Reworking Operations to restore production or Drilling Operations for a new well prior to the next ensuing rental paying date, or provided the Lessee begins or resumes the payment of rentals before the next ensuing rental paying date in the manner and amount hereinabove provided. In the event Lessee resumes payment of delay rentals, the preceding paragraphs hereof governing the payment of rentals and the manner and effect thereof shall continue in force. If a well is completed as a dry hole after the primary term, this lease shall not terminate if Drilling Operations for another well are commenced within 60 days and are Diligently Prosecuted. Lessee shall furnish Lessor with sufficient information to document any Operations being performed.
Dry Hole Clause. If, during the primary term hereof and prior to discovery and production of oil or gas on said land. Lessee should drill a dry hole or holes thereon, or if, after discovery and production of oil or gas, the production hereof should cease from any cause, this lease shall not terminate if, on or before the rental paying date next ensuing after the expiration of sixty (60) days from date of completion of said dry hold or cessation of production. Lessee commences additional drilling or reworking operations thereon, or commences or resumes the payment of annual delay rental in the same manner as provided in Paragraph 3 of this lease. If a dry hole be completed and abandoned during the last year of the primary term, Lessee's rights shall remain in full force and effect without further operations until the expiration of the primary term. Should the first well or any subsequent well drilled on the above described land be completed as a shut-in oil or gas well within the primary term hereof, Lessee may resume payment of annual rental in the same manner as provided in Paragraph 3 in this lease on or before the rental paying date next ensuing after sixty (60) days from the date of completion of such shut-in oil or gas well, and upon the failure to make such annual rental payment, this lease shall ipso facto terminate. If at the expiration of the primary term or at any time thereafter shut-in oil or gas well is located on the leased premises, payments may be made in accordance with the provisions of Paragraph 14 of this lease.
