(Download) "Home-Stake Production Company v. Minnis" by Supreme Court of the State of Oklahoma # eBook PDF Kindle ePub Free
eBook details
- Title: Home-Stake Production Company v. Minnis
- Author : Supreme Court of the State of Oklahoma
- Release Date : January 23, 1968
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 76 KB
Description
1 The action involved in this appeal was based upon a contract pertaining to the development of certain oil properties in the Seminole Field. This Field was the result of the discovery, in the early part of the decade, between 1920 and 1930, that the Wilcox Sand, which lies at a depth of approximating four thousand feet in much of Seminole County, was a prolific producer of oil. Much of the fields initial, or primary, development and production occurred prior to the enactment of most of this States present oil and gas conservation laws, and many of its original producing leases have, in the past 20 years, quit producing and have been abandoned with little, if any, use of the more modern methods and sophisticated techniques which, in later years, have come into common use in drilling and completing oil and gas wells, and developing oil and gas leases. In more recent years, it has been determined that much oil, left in place under those leases when their wells quit pumping, can be recovered by present-day methods; and several lessees have been successful in what has been termed "secondary recovery" or "secondary development" programs.
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