SECONDARY TERM
secondary term.Oil & gas. The term of an oil-and-gas lease after production has been
established, typically lasting “as long thereafter as oil and gas is produced from the premises.” See
HABENDUM CLAUSE; PRIMARY TERM. [Blacks Law 8th]
secondary term.Oil & gas. The term of an oil-and-gas lease after production has been
established, typically lasting “as long thereafter as oil and gas is produced from the premises.” See
HABENDUM CLAUSE; PRIMARY TERM. [Blacks Law 8th]