Production in Paying Quantities: Maintaining Mineral Leases Beyond Their Primary Terms with Production of Oil or Gas
The Energy Law
JANUARY 26, 2016
In Louisiana, as in most jurisdictions, production of oil or gas must be in “paying quantities” to maintain a mineral lease beyond its primary term. [1] 7] Other examples of capital expenditures may include equipment costs, overhead, depreciation of original equipment, and workover expenses. [8] West Virginia Oil & Gas Co. ,
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