Costs paid on or before the anniversary date of the lease during the primary term in order
Question:
Costs paid on or before the anniversary date of the lease during the primary term in order to delay drilling operations for a year are referred to as ___________.
a. Ad valorem costs
b. Shooting rights
c. Delay rentals
d. Bonus payments
e. None of these
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c Delay rentals Explanation Costs paid on or before ...View the full answer
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