cessation-of-production clause

cessation-of-production clause Oil & gas. A lease provision that specifies what the lessee must do to maintain the lease if production stops. ? The purpose of the clause is to avoid the uncertainties of the tempo-rary-cessation-of-production doctrine. Cf. TEMPORARY-CESSATION-OF-PRODUCTION DOCTRINE. [Cases: Mines and Minerals 78.1(9). C.J.S. Mines and Minerals ¡ì¡ì 260¨C263.] What is the Chinese …

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CESSATION-OF-PRODUCTION CLAUSE cessation-of-production clause. Oil & gas. A lease provision that specifies what the lessee must do to maintain the lease if production stops. ? The purpose of the clause is to avoid the uncertainties of the tempo-rary-cessation-of-production doctrine. Cf. TEMPORARY-CESSATION-OF-PRODUCTION DOCTRINE . [Cases: Mines and Minerals 78.1(9). C.J.S. Mines and Minerals ¡ì¡ì 260¨C263.] ¡°Many …

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