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It Ain’t Over Till It’s Over: A Survey of Oil and Gas Lease Savings Clauses

Contains material from May 2022

It Ain’t Over Till It’s Over: A Survey of Oil and Gas Lease Savings Clauses
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Oil and gas leases frequently contain a number of savings clauses that may perpetuate the lease in its secondary term by means and circumstances other than actual production. An overview of common savings clauses and how they are applied under Texas law, including continuous operations, shut-in, dry-hole, reworking, pooling, continuous development, force majeure, and paying quantities, among others.

Includes: Video Audio Paper Slides

  • Total Credit Hours:
  • 0.50
  • Credit Info
  • TX, CA
  • Specialization: Administrative Law | Oil, Gas and Mineral Law | Property Owners Association Law | Real Estate Law
  • TX MCLE credit expires: 6/30/2023

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1. It Ain’t Over Till It’s Over: A Survey of Oil and Gas Lease Savings Clauses (May 2022)

Paul B. Westbrook

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Session 1 —35 mins
0.50
It Ain’t Over Till It’s Over: A Survey of Oil and Gas Lease Savings Clauses (May 2022)

Oil and gas leases frequently contain a number of savings clauses that may perpetuate the lease in its secondary term by means and circumstances other than actual production. An overview of common savings clauses and how they are applied under Texas law, including continuous operations, shut-in, dry-hole, reworking, pooling, continuous development, force majeure, and paying quantities, among others.

Originally presented: Apr 2022 Fundamentals of Oil, Gas and Mineral Law

Paul B. Westbrook, Harris, Finley & Bogle, P.C. - Fort Worth, TX