View all text of Subpart 3140 [§ 3140.0-1 - § 3140.7]
§ 3140.5 - Duration of the lease.
A combined hydrocarbon lease shall be for a primary term of 10 years and for so long thereafter as oil or gas is produced in paying quantities.
View all text of Subpart 3140 [§ 3140.0-1 - § 3140.7]
A combined hydrocarbon lease shall be for a primary term of 10 years and for so long thereafter as oil or gas is produced in paying quantities.