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The Pugh Clause is the language used in an oil & gas lease to spell out what happens to the portion of the acreage you leased that does not either contain a well or is not included within a producing petroleum pool or unit. The typical Pugh Clause reads as follows:
"If at the end of the primary term, a part but not all of the land covered by this lease, on a surface acreage basis, is not included within a unit or units in accordance with the other provisions hereof, this lease shall terminate as to such part, or parts, of the land lying outside such unit or units, unless this lease is perpetuated as to such land outside such unit or units by operations conducted thereon or by the production of oil, gas or other minerals, or by such operations and such production in accordance with the provisions hereof."
What else can I help you with?
Fill in the blank A clause that doesn't make sense without the presence of another clause is called?
A clause that does not make sense without the presence of another clause is called a dependent clause.
A clause that depends on another clause for meaning is a and could not be a sentence by itself A clause that could be a sentence by itself is a n?
Its Main cause; Subordinate Clause- Just got it right for apexx
What is a equative clause?
what is the equative clause
Is when he was young a noun clause adjective clause or adverb clause?
When he was young ... - as in When he was young he did some very foolish things - is an adverb clause of time.
What is a clause that needs another clause to make sense?
Subordinate clauseA subordinate (or dependent) clause is a clause that needs another clause. Unlike independent clauses it cannot stand alone. The word because is usually a good indicator of a subordinate clause.
What does pew clause in oil and gas leasing mean?
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.
When was Lewis Pugh Pugh born?
Lewis Pugh Pugh was born in 1837.
When did Lewis Pugh Pugh die?
Lewis Pugh Pugh died in 1908.
Is ernest pugh related to genita pugh?
No. She is not.
What is Florence Pugh's occupation?
Florence Pugh is a/an Actress
Where does the last name Pugh originate?
Pugh is of Welsh origin and it originated from England. Pugh means, "son of Hugh".
What has the author Margaret Pugh written?
Margaret Pugh has written: 'Richard Pugh and his descendants' -- subject(s): Genealogy
When was Larry Pugh born?
Larry Pugh was born on 1943-11-05.
What is Will Pugh's birthday?
Will Pugh was born on May 4, 1984.
When was Edward Pugh born?
Edward Pugh was born in 1919.
When did Edward Pugh die?
Edward Pugh died in 1986.
When did Eliezer Pugh die?
Eliezer Pugh died in 1903.
