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

法律翻译Wayne，毕业于一所培养最顶级翻译人才的语言学院，专注翻译各类与调查、政府执法和白领刑事辩护有关的法律文件。