دیکشنری تخصصی مهندسی نفت - نسخه آنلاین

n: see drilling and delay rental clause.

n: a sum of money payable to the lessor by the lessee for the privilege of deferring the commencement of drilling operations and keeping the lease valid. May be paid monthly, quarterly, or annually.

n: the clause in an oil and gas lease that allows the lease to expire after a given period of time (often 1 year from the date of the lease) unless drilling begins or delay rental is paid. Also called unless" clause.

n: a clause in an oil and gas lease that allows the operator to keep the lease if he or she drills a dry hole. The operator has a specified period of time in which to drill a subsequent well or begin paying delay rentals again.

n: an oil and gas lease for which all delay rentals are paid along with the cash bonus and on which no further action is required during the primary term.