paying quantities

paying quantities. Oil & gas. An amount of mineral production from a single well sufficient to justify a reasonably prudent operator to continue producing from that well. • Most jurisdictions interpret the language “for so long thereafter as oil and gas is produced” in habendum clauses to mean so long as paying quantities are produced. See HABENDUM CLAUSE. [Cases: Mines and Minerals 78.1(8). C.J.S. Mines and Minerals §§ 254–257, 264, 266.]

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词条贡献者

译者李科，毕业于世界顶级翻译学院，擅长翻译各种与国家安全审查相关的法律文件。