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The correct spelling is Pugh. The Pugh Clause, named after the attorney who originally came up with it, requires that the oil company release all acreage that is not in a producing unit after the end of the primary term of the lease. In other words, after the company has drilled a producing well, they must release any acreage that the mineral owner is not getting royalty payments on. That allows the mineral owner to lease that acreage again.
There is also a clause called a Horizontal Pugh Clause that requires the company to release depths that are not being produced. This allows the mineral owner to lease those different depths again.
What else can I help you with?
What has the author Beverly J Sires written?
Beverly J. Sires has written: 'Federal offshore oil & gas leasing' -- subject(s): Oil and gas leases
Could you explain a Mother Hubbard clause in oil and gas lease?
Mother Hubbard clause in an oil an gas lease is a provision for leases in the event an small strip of land is omitted from the legal description by the lessor.
What has the author Donald M Ford written?
Donald M. Ford has written: 'Proposed oil and gas leasing program' -- subject(s): Environmental aspects, Environmental aspects of Oil and gas leases, Environmental aspects of Petroleum industry and trade, Oil and gas leases, Petroleum industry and trade
Oil and gas on in the sea?
yeah oil and gas BENEATH the sea i mean beneath the bottom.
What does 50 to 1 mean when mixing oil and gas?
50 parts gas to 1 part oil. So the amount of oil would be 1/50th the amount of gas.
What does the abbreviation NGL mean in the Oil and Gas industry?
Natural Gas Liguid
What does it mean for gas to be in your oil?
it meaens you are over choking it.
What is it mean when oil comes out of exhaust?
to rich of a gas mixture
What does 32 to 1 mean?
it is the ratio of gas to oil 32 parts gas 1 part oil. it is easier to mix it if you have a mixing container.
How do you learn if oil and gas companies are interested in my land in Texas?
Often landowners are relatively uninterested in minerals, mineral estates, etc. until they receive a letter from an oil company proposing to lease their mineral rights. Then, everything changes. Now they're quite interested in learning a few things… which is the reason Oil and Gas Mineral Services Co. exists, to serve America's mineral owners. An oil company is interested in leasing your minerals because they have reason to believe that they can find oil or gas there.
What does 401 mean..gas oil mix?
It simply means that the 2 cycle engine requires a 40:1 ratio of gas to 2 cycle oil. This translates to 3.2 oz of oil per gallon of gas.
What does w o g mean on valves?
water oil gas
