CHAPTER 5 DILIGENT OPERATIONS: AN UNCOMMON PERSPECTIVE OF THE COMMON LAW
| Jurisdiction | United States |
(Feb 1993)
DILIGENT OPERATIONS: AN UNCOMMON PERSPECTIVE OF THE COMMON LAW
Clanahan, Tanner, Downing & Knowlton, P.C.
Denver, Colorado
I. INTRODUCTION: Fire and thin ice
II. THE COVENANT FOR DILIGENT AND PRUDENT OPERATIONS:
A. The relational context—
1. The prudent operator standard—The standard represents judicial expressions of the basic nature of an oil and gas lessee's obligation to its lessor.
2. The...
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