Web22 Nov 2024 · What does a Pugh clause look like? For example a Pugh Clause that begins: “If, at the end of the Primary Term, a portion or portions of the leased premises is pooled or unitized with lands as provided for in Paragraph 4 hereof, that are not a portion of the leased premises, so as to form a pooled unit or units, operations on, completion of a well upon. http://legal-lingo.com/pugh-clause
Pugh Clause - Bower PLLC
WebOklahoma’s statutory Pugh clause, 52 O.S .87.1 (b), states: “In case of a spacing unit of 160 acres or more, no oil and/or gas leasehold interest outside the spacing unit involved may be held by production from the spacing unit more than 90 days beyond expiration of the primary term of the lease.”. The Oklahoma statutory Pugh clause went ... Web9 Feb 2024 · Pugh clauses need to be precisely worded and rigorously checked, as many courts take the clause literally, and any misprints or vague articles may give the lessee an … black cell activision
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Web1 Oct 2014 · A pooling clause will generally revise a lease in three ways, which will be discussed in detail below. First, it expands the granting clause by giving a lessee the authority to determine whether to pool. Second, it revises the royalty clause because the lessor agrees to accept a royalty proportionate to her acreage within the pooled unit. The Pugh Clause (sometimes misspelled "pew clause") is named after Lawrence Pugh, a Crowley Louisiana attorney who developed the clause in 1947, apparently in response to the Hunter v. Shell Oil Co., 211 La. 893 (1947). In this case the Louisiana Supreme Court held that production from a unit including a … See more Many times a Declaration of Pooling will stipulate the depth range being pooled. An example would be the following language: “…pool or combine lands from the … See more An alternative to the Pugh clause where you never desire pooling on the oil and gas lease would be a retained acreage provision. We'll address this in a … See more As mentioned earlier, there is no standard Pugh Clause that will address every situation adequately. Your specific situation should be considered by a … See more WebGeneral Clauses 29.1 This Deed of Sale constitutes the entire agreement between the Parties as to the subject matter hereof and no agreement, representation or warranty … gallons to 750ml