Archers Law And Practice In Oil And Gas Cases

Author : V. B. Archer
Publisher : Forgotten Books
ISBN 13 : 9780332258010
Total Pages : 1128 pages
Book Rating : 4.2/5 (58 download)

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Download or read book Archer's Law and Practice in Oil and Gas Cases written by V. B. Archer and published by Forgotten Books. This book was released on 2017-12 with total page 1128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Archer's Law and Practice in Oil and Gas Cases: Embracing an Analysis of All Important Cases in Each State Producing Petroleum Oil and Natural Gas Litigation growing out of the production of petroleum oil and natural gas is peculiar to itself. Much of the law and practice applicable to the mining of solid minerals, without modification, owing principally to the migratory character of oil and gas, can not be applied to cases affecting these minerals. Lessees for oil and gas purposes are held to great diligence and promptness in the performance of the express and implied covenants of the lease. The contract almost universally entered into between the land owner and the prospective producer of oil and gas is commonly called an oil and gas lease. The landowner rarely Operates his own premises; and the producer almost universally obtains the oil and gas lease under which to Operate rather than title to the surface. The lease confers upon the lessee for a limited time, a license to enter upon the premises for the purpose of exploring for oil and gas. The lessee acquires no vested interest, except his interest and right to enter for explorations, until he discovers oil or gas in paying quantities. Until such discovery the lease remains a license, and when discovery of oil or gas in paying quantities is made the lessee becomes vested with an exclusive right to produce the oil or gas during the term, or to the extent provided for in the lease. Delays and attempted evasions of the duties and obligations devolving upon lessees have been the cause of practically all the litigation growing out of the oil and gas business. The temptation to lessees to obtain leases upon lands for speculative purposes is great, particularly where indi cations point to a probable development by other lessees, whereby a lessee may be enriched without making explorations himself. The courts have sternly resisted all attempts by the lessee to de prive the landowner of the right to prompt action, either by ex ploration of the property or surrender of the lease. For failure to exercise these duties the courts have not hesitated to declare the lease forfeited. Excuses for delay in operations must be based upon a substantial consideration, and unreasonable delays for speculative purposes will not be tolerated. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.