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Definition Of:

Unless clause

Petroleum Industry DictionaryPetroleum Industry Dictionary
The clause in an unless lease that provides for the termination of the lease interest unless the lessee commences drilling or pays rental during the primary term of the lease. See delay rental.

 

Petroleum Industry Dictionary INDEX:

List of Terms: Terms beginning with "A", Page 1

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

A: Page 1 of 20.

A
A-FRAME
A-h
A-mast
AAODC
AAPG
Abandon
ABANDONED OIL
Abandoned Well
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