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Simple English definitions for legal terms

well-completion clause

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A quick definition of well-completion clause:

A well-completion clause is a part of an oil-and-gas lease that says if the person leasing the land starts drilling before the lease ends and finds oil or gas, they can keep the lease and continue drilling. This clause is important because it gives the lessee the right to finish drilling and producing oil or gas even if the lease would have otherwise expired.

A more thorough explanation:

A well-completion clause is a provision in an oil-and-gas lease that allows the lessee to complete a well and maintain the lease if the drilling achieves production before the lease terminates. This clause is important because it gives the lessee the right to finish drilling even if the lease is about to expire.

For example, let's say a company leases a piece of land for oil and gas exploration. The lease has a well-completion clause that allows the company to finish drilling a well even if the lease is about to expire. If the company successfully completes the well and it starts producing oil or gas, the lease will be extended, and the company can continue to operate on the land.

Another example is if a company starts drilling a well but encounters unexpected problems that delay the completion of the well. If the lease is about to expire, the well-completion clause allows the company to finish drilling and maintain the lease if the well is successful.

These examples illustrate how a well-completion clause can benefit the lessee by allowing them to finish drilling and maintain the lease if the well is successful.

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Dkk
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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 ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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