Oklahoma Partial Release of Oil and Gas Lease As to Depth
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A phrase (usually contained in a Pugh clause in an oil & gas lease) that terminates the lease after the primary term as to all formations below a particular depth typically defined as the stratigraphic equivalent of the base of the deepest producing formation in the unit. Stratigraphic Equivalent (US) - Westlaw westlaw.com ? Glossary ? PracticalLaw westlaw.com ? Glossary ? PracticalLaw
RELEASE: releases of property rights and/or other legal rights that the owner would otherwise be entitled to under law. RELEASE LEASE: releases of oil & gas lease rights that a person would otherwise be entitled to under law.
Vertical Pugh Clause An example would be the following language: ??pool or combine lands from the surface of the earth to 7654 feet beneath the surface of the earth?? Does this mean that the normal Pugh Clause would require the release of deeper rights? Actually, there is case law on the subject and the answer is no. Pugh Clause ? Understanding the Horizontal & Vertical Pugh ... MineralWise ? lease-proposals ? pugh-clause MineralWise ? lease-proposals ? pugh-clause
Usually added to the lease as an addendum, the pugh clause provides that at the end of the primary term (typically five years) the lease will terminate as to any acreage outside of a production unit. What is a Pugh Clause? - Marshall, Parker & Weber paelderlaw.com ? gas-law-resources ? what-i... paelderlaw.com ? gas-law-resources ? what-i...
A Pugh Clause terminates the lease as to the portions of the land that are not included in a unit if the lessee does not conduct independent operations. Therefore, the Pugh Clause requires the lessee to develop areas of the lease that are not included in a unit.
?Many land professionals are confused about what is a vertical and what is a horizontal pugh clause. LEGALLY ? a vertical pugh clause is one where all acreage outside of the well/unit boundaries must be released. LEGALLY ? a horizontal pugh clause is one where you must release acreage below a certain depth. Pugh Clause | Coats Rose Coats Rose ? uploads ? 10-08-1... Coats Rose ? uploads ? 10-08-1... PDF
A vertical Pugh Clause could provide a lease to a particular depth, such as 100 feet below the drilled well. The lessee would be limited to drilling to 100 feet but no further. Conceivably, the lessor could lease property below that range to another entity.
Example of horizontal Pugh Clause A horizontal could offer a lease that spans certain acreage, including 30 acres across the property. This implies that a lessee would be able to access 30 acres of land across the drilled well, but no further.
