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Simple English definitions for legal terms

reasonable-development covenant

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A quick definition of reasonable-development covenant:

A reasonable-development covenant is a promise made in an oil-and-gas lease that the lessee will continue to develop the property once production is obtained. This means that they will act like a responsible and careful operator, rather than just holding onto the lease because they already have some production. Essentially, it ensures that the property is being used to its full potential.

A more thorough explanation:

A reasonable-development covenant is a promise made in an oil-and-gas lease that the lessee will continue to develop the property in a reasonable manner once production is obtained. This means that the lessee cannot simply hold onto the lease by the production already obtained, but must continue to explore and develop the property as a reasonably prudent operator would.

For example, if a company leases land for oil and gas exploration and successfully drills a well that produces oil, they are obligated to continue developing the property by drilling additional wells and exploring other areas of the property for potential production. They cannot simply sit on the lease and collect royalties from the existing well.

The reasonable-development covenant is important because it ensures that the property is being developed in a responsible and efficient manner, maximizing the potential for oil and gas production and benefiting both the lessee and the lessor.

reasonable-consumer test | reasonable deviation

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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