Texas Justices Urged To Define Drilling Time Limit In Oil Lease

Law360 (September 16, 2020, 5:16 PM EDT) -- Texas Supreme Court justices took a crack during oral arguments Wednesday at solving an oil and gas lease riddle, as they review a lower court's finding that an operator terminated a lease by not drilling a new well quickly enough.

The state's high court has been asked to define the phrases "150-day term" and "next" in a lease for more than 11,000 acres near Midland that initially allowed Endeavor Energy Resources LP to drill wells on the land. The lease was later awarded to Energen Resources Corp. after Endeavor's alleged failure to keep up with the drilling timeline.

Endeavor argues that...

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