dry-hole clause. Oil & gas. A provision in an oil-and-gas lease specifying what a lessee must do to maintain the lease for the remainder of the primary term after drilling an unproductive well. • A dry-hole clause is intended to make clear that the lessee may maintain the lease by paying delay rentals for the […]
dead rent. A mining-lease payment, either in addition to or as part of the royalty, that must be made whether or not the mine is working. • The purpose of the provision is to secure the working of the mine. See delay rental under RENTAL. [Cases: Mines and Minerals 70. C.J.S. Mines and Minerals §§
dry hole clause 干井条款 油气井租约中的一个条款，规定了在承租人钻出一口不产油气的干井后，为使原租约能在剩余的时期内继续有效，承租人必须履行的义务，如支付延期租金〔delay rentals〕等。