A Day Made a Difference in This Purchase and Sale Agreement
Energy & the Law
MAY 24, 2023
In 2014, Apache bought lessee Gunn’s remaining interest of the leases and its PSA rights. In 2015, Apache failed to drill 20,000 feet in the North Block of the lease. The question for the Court: Did the North Block expire on December 31, 2015, or January 1, 2016? The Court remanded the case for further proceedings.
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