Colorado Environmental Law Journal

Category: Digital

  • The Crestone Case: Motivations and Implications

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    by

    Sarah Berman
    in

    Commercial Discovery Rule vs. Actual Production Rule Oil and gas leases generally include two terms.[1] The first is a fixed primary term within which the lessee holds the mineral rights but is not obligated to produce.[2] Should the primary term of a lease end without any production, the lease will expire. The secondary term of…