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Natural Gas, Oil, Minerals Q&A Answers
WHAT IS A PUGH CLAUSE?
By: admin | 2010-01-02 01:39:11A clause, which is calculated to prevent the holding of non-pooled acreage in a lease while certain portions of the lease acreage are being held under pooled arrangements. The main purpose of a Pugh clause is to protect the landowner from having their entire property held under a lease by production from a very small portion.
By: ruby_99 | 2010-01-01 21:16:09
Brief definitions of this and other terms are at http://www.madronaenergy.com/oil-gas-glossary.htm
Answers are provided for educational or information purposes only. It is critical to seek qualified legal counsel before making any decisions affecting your property or mineral estate.
