found this on the net: "In 1947, a Louisiana lawyer, Lawrence G. Pugh, drafted a clause, eventually named after him, which was calculated to prevent the holding of non-pooled acreage in his client's lease while certain portions of the lease acreage were being held under pooled arrangements. The main purpose of a Pugh clause "is to protect the lessor from the anomaly of having the entire property held under a lease by production from a very small portion," and the clause is designed to "foster reasonable development of leased property. Although a Pugh clause generally provides for a severance of the lease where less than all of the leasehold is included in a single unit, Pugh clauses vary widely in form. "
On Oct 1, 7:11 am, Sweet <[EMAIL PROTECTED]> wrote: > I am reviewing one of the first leases that we signed (before we knew > anything or that this group existed) . . to see if it had a Pugh > Clause in it . .and I have decided that I don't know what I'm looking > for . . . does anyone have example verbiage of what would be in a Pugh > clause . .or what it would look like? Thank you! --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
