Texas Supreme Court Deems Continuous Development Clause Ambiguous
By EsqSocial Corporation 30/12/20
In Endeavor Energy Resources, L.P. v. Energen Resources Corp. et al. the Supreme Court of Texas construed a continuous development clause in an oil and gas lease covering 11,300 acres in Howard County. After the primary term, lessee Endeavor could retain acreage by drilling a new well every 150 days....
By: Gray Reed