Dry-hole clause
id:
dry-hole-clause-262-5473883
title:
Dry-hole clause
text:
A dry-hole clause is a provision in an oil or Natural gas lease specifying what a lessee must do to maintain the lease for the remainder of a primary term after drilling a "dry hole." Usually, the lessee will just have to pay delay rentals. A dry-hole clause is a provision in a contract that is used to allocate the risks and costs associated with drilling for oil or natural gas in the event that the drilling does not result in the discovery of a viable resource. In the oil and gas industry, expl
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Dry-hole_clause
date created:
date modified:
2023-01-05T18:09:31Z
main entity:
{"identifier":"Q5309464","url":"https://www.wikidata.org/entity/Q5309464"}
image:
fields total:
13
integrity:
13