New York's highest court ruled March 31 that the "force majeure" provisions in oil and gas leases don't extend the primary terms of the leases (Beardslee v. Inflection Energy LLC, 2015 BL 89442, N.Y., No. 44, 3/31/15). The New York Court of Appeals unanimously ruled in favor of landowners whose leases expired in 2012. Three energy companies-Inflection Energy LLC, Me-gaenergy Inc. and Victory Energy Corp.-argued that the state's effective moratorium on fracking triggered the force majeure clause in the contracts and, therefore, extended the terms of the leases. Force majeure generally refers to an event beyond the control of the parties that prevents performance under a contract.
展开▼
机译：纽约最高法院于3月31日裁定，石油和天然气租赁中的“不可抗力”规定不会延长租赁的主要条款（Beardslee诉Inflection Energy LLC，2015 BL 89442，NY，第44号，第3/31号） / 15）。纽约上诉法院一致裁定其租约于2012年到期的土地所有者。三家能源公司-Inflection Energy LLC，Me-gaenergy Inc.和Victory Energy Corp.辩称，该州有效暂停实施压裂技术引发了不可抗力条款。在合同中，因此延长了租赁期限。不可抗力通常是指超出当事方控制范围的阻止合同履行的事件。
展开▼
