Under ”Drilling Operations” in the proposed 5 year lease, it states “Drilling Operations shall be considered to be “continuously prosecuted” if not more than 365 days passes without Drilling Operations occurring on the Leased Premises”. Would this be an acceptable amount of time?
Also, the entire Lease seems to encompass references to both “surface land reclamation rights and “mineral rights” into one Lease. Is this normal?
@DBDG - Can I suggest to you to ask the Petroleum Landman these questions or contact an oil and gas professional/advisor or attorney. There are a lot of different scenarios involved with drilling activity.
Time frame seems way too long. Most leases I have seen are 180 days or 90 days, so getting expert advice for your area is important. The draft lease is rarely in the mineral owner’s favor, so negotiations and better wording are needed.
Thank you again. Everything I know about “mineral rights” has come from this forum and all the people who are generous with their knowledge. I’ve been taking it all in, many of my questions have been answered…I hope others can learn from the topics we discuss.