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Term lease
An oil and gas lease that expires after a specified period of time, regardless of whether oil, gas and/or other minerals are being produced.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Oil & gas
- Category: Oilfield
- Company: Schlumberger
- Product:
- Acronym-Abbreviation:
Other Languages:
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