Meaning Cessation-of-Production Clause
What does Cessation-of-Production Clause mean? Here you find 3 meanings of the word Cessation-of-Production Clause. You can also add a definition of Cessation-of-Production Clause yourself
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Cessation-of-Production ClauseCessation of production clause is a provision in oil and gas leases which specifies what the lessee must do to maintain the lease if production stops. Such clauses extend or preserve the lease while t [..]
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Cessation-of-Production ClauseAn oil and gas lease savings clause that specifies what the lessee must to to maintain the lease in the event that production ceases. The purpose of the cessation-of-production clause is to make more ertain the temporary-cessation-of-production doctrine.
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Cessation-of-Production Clause An oil and gas lease savings clause that specifies what the lessee must do to maintain the lease in the event that production ceases. The purpose of the cessation-of-production clause is to make mo [..]
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