Force Majeure Clause Fails to Protect Oil and Gas Lessee From Mistakenly-Scheduled Deadline
The Energy Law
MAY 5, 2023
The lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014. In compliance with that obligation, MRC created a drilling schedule listing June 2, 2017 as the spud date of a new well based on its belief that the deadline to spud that well was June 19, 2017. MRC Permian Company , — S.W.3d
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