Common Contracts
1 similar Oil and Gas Lease Agreement contracts
ContractOil and Gas Lease Agreement • April 20th, 2016
(concluding that the implied duty to devel- op various strata was inapplicable where the parties were operating under the ha- bendum clause of their agreement, which provided that the agreement would be ex- tended ‘‘so long as oil or gas was being produced,’’ and the drilling activities to date had involved only shallow gas drill- ing); see also Exco Resources (PA), LLC, 2014 WL 585884, at *7–8 (holding that implied covenant to develop acreage out- side that drained by the current wells, and the entire premises below 3,500 feet, did not apply where the parties’ agreement extended for an indefinite secondary term so long as, inter alia, the premises are being drilled or operated for the produc- tion of oil or gas).15
