5.004 Drilling Covenant
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Lease Maintenance: Your lease from Sam Houston and Margaret Moffette Lea Houston contains a negotiated drilling covenant that, if breached, could terminate the lease as to the captioned property. Further, your lease prohibits drilling operations where active coal mining operations are underway or planned.
Requirement: Furnish proof that you have complied with all drilling operations under your lease from Sam Houston and Margaret Moffette Lea Houston and that no coal mining operations are active upon the captioned property or planned for the captioned property by your lessors or persons holding under them. Alternatively, accept the risk of failure to your leasehold title to the captioned property or the risk that you will be enjoined from drilling on the captioned property.
Copyright 2011 by Edward G, Hawkins. All rights reserved.