Force Majeure Clause Fails to Protect Oil and Gas Lessee From Mistakenly-Scheduled Deadline
The Energy Law Blog
MAY 5, 2023
The leases obligated MRC to spud a new well every 180 days after the spud date of the last well during the leases’ secondary terms to avoid having the non-developed portions of the leases terminate. MRC did not notice its error until approximately two weeks after May 21, 2017, at which point it had not yet spudded the new well.
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