Lease for production definition
Lease for production means any lease of property of an estate for the purpose of
Lease for production means any lease of property of an estate for the purpose of mining or of drilling and operating for oil, including the laying of pipelines and the building of tanks, power stations, and other structures upon the lands described in such lease for the purpose of producing, saving, and taking care of products of the mine or well.
Lease for production means any lease of property of an estate for the purpose of mining or of drilling and operating for oil, including the laying of pipelines and the building of tanks,
Examples of Lease for production in a sentence
It is expressly understood and agreed that Seller shall not have the right to drill and complete ▇▇▇▇▇ on any Lease for production of Hydrocarbons from the Mississippi Formation during the Primary Term, Extended Primary Term (as such term is hereinafter defined), or during the term of any Secondary Term Assignment (as such term is hereinafter defined) of such Lease.
To the extent necessary, Seller reserves the right to install any pipeline (of any size) as well as any facility including salt water disposal (of any size) upon the Lease for production, as long as its location or installation does not impede Buyer's operations.