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Energy company obtained a three-year lease on 1,000 acres on May 1, 2014 that contained a $3 per acre delay rental clause. Drilling operations were
Energy company obtained a three-year lease on 1,000 acres on May 1, 2014 that contained a $3 per acre delay rental clause. Drilling operations were started on June 15, 2015 and completed on October 16, 2015. The well, determined to be dry, was plugged No further drilling and abandoned. operations were started during the primary term. All required delay rentals were paid. Give all entries relating to the delay rental requirement. (specify the date) I will be grateful
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