What is a depth clause that some recommend you have in a oil/gas lease?
Most commonly, it would refer to a clause which, after a certain amount of time for drilling, releases back to the royalty owner the right to drill to depths other than the one in which the well is completed, which would allow the royalty owner to lease a different stratum to another driller at a later date.
L. Mark Bonner
Norman & Edem, PLLC
127 N.W. 10th St.
Oklahoma City, OK 73103
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