Production in Paying Quantities: Maintaining Mineral Leases Beyond Their Primary Terms with Production of Oil or Gas
The Energy Law
JANUARY 26, 2016
“Operating expenses”—or “lifting expenses” as they are sometimes referred—are “ordinary, recurring expenses” that are attributable to the expense of production, after the well is drilled and completed. [5] 1] Louisiana Mineral Code article 124; Menoah Petroleum, Inc. 2003) (citing Louisiana Mineral Code article 124). [3]
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