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