FURTHER-EXPLORATION COVENANT
further-exploration covenant.Oil & gas. In an oil-and-gas lease, an implied promise that once
production has been obtained from the leased property, the lessee will continue to explore other
parts of the property and other formations under it. • Some jurisdictions hold that the covenant for
further exploration does not exist independently of the covenant for reasonable development. See
also REASONABLE-DEVELOPMENT COVENANT; REASONABLY-PRUDENT-OPERATOR
STANDARD D.[Blacks Law 8th]