The Interaction Between the Common Law Implied Covenants to Prevent Drainage and Market and the Federal Oil and Gas Lease

Date

1995

Authors

Kramer, Bruce M.

Journal Title

Journal ISSN

Volume Title

Publisher

Journal of Energy, Natural Resources, & Environmental Law

Abstract

This Article will review the historical development of implied covenants in oil and gas leases and discuss two principal covenants, the implied covenant to prevent drainage and the implied covenant to market. Thereafter, the Article will review the relevant statutes, regulations, administrative decisions, and judicial opinions that relate to the application of implied covenant law to federal and Indian oil and gas leases.

Description

Keywords

Implied covenants in oil and gas leases, The implied covenant to prevent drainage, Implied covenant to market

Citation

15 J. Energy Nat. Resources & Envtl. L. 1