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Oil/Gas/Depth clause.

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Question
What is a depth clause that some recommend you have in a oil/gas lease?

Answer
Donald,

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
405-272-0200
405-272-1055 (fax)
markbonner@sbcglobal.net

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Mark Bonner

Expertise

Interests include oil and gas leases, mineral deeds, royalty payments, interest on late royalty payments, post-production costs.

Experience

I have been an attorney for over 20 years.

Organizations
Norman & Edem, PLLC 127 N.W. 10th St. Oklahoma City, OK 73103 405-272-0200 (Tel.)

Publications
Oklahoma Bar Journal; Oklahoma Association for Justice Advocate

Education/Credentials
Highest Honors, OU College of Law, 1992 Earl Sneed Award for Oil & Gas

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