Energy Glossary
Look up terms beginning with:
1. n. [Oil and Gas Business]
An oil and gas lease wherein the bonus consideration is paid at the signing of the lease. However, this lease becomes effective only after the expiration or termination of an existing lease on the tract of land.
See: oil and gas lease, paid-up lease, term lease
Share This
To download this file you first sign in to your Schlumberger account.
Don't have an account? Click below to get started.
Premium content requires special account permissions. We need a little more information from you before we can grant you access.
