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Simple English definitions for legal terms

operations clause

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A quick definition of operations clause:

An operations clause is a part of an agreement for oil and gas exploration that says the lease will stay in effect as long as there is ongoing development of oil and gas on the property. This means that the lease will not expire if the company continues to work on the land. It is also sometimes called a continuous-operations clause or a well-completion clause.

A more thorough explanation:

An operations clause is a provision in an oil-and-gas lease that ensures the lease will remain valid as long as oil-and-gas development continues on the leased property. This clause is also known as a continuous-operations clause or a well-completion clause.

For example, if a company leases a piece of land for oil-and-gas exploration and production, the operations clause would state that the lease will not expire as long as the company continues to drill wells and extract oil and gas from the property. This clause protects the company's investment in the lease and encourages them to continue developing the property.

Another example would be if a landowner leases their property to an oil-and-gas company and includes an operations clause in the lease. If the company stops drilling or extracting oil and gas from the property, the lease would expire, and the landowner could lease the property to another company.

In summary, an operations clause is a crucial provision in an oil-and-gas lease that ensures the lease remains valid as long as oil-and-gas development continues on the leased property.

operational | operative

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19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
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Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
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