KRS 353.030: Nonproductive well, when lease or contract satisfied by.
Where this section sits in the code
- KRS Chapter 353
The drilling of one (1) nonproductive well constitutes compliance, for a period of twelve
(12) months after its completion, with any lease or contract requirement that a well be
drilled within a certain period. At the expiration of such twelve (12) months' period
another well shall be commenced or else rentals shall be renewed according to the terms
of the lease or contract, and if the lessee fails to commence a well or pay the rentals the
lessor may avoid the lease or contract.
Collected 2026-09-05T20:58:38Z. Source file · JSON