Ohio -Oil & Gas

摘要

Supreme Court of Ohio Declines to adopt the Implied Covenant to Explore Further Alford v. Collins-McGregor Operating Co., 2018-Ohio-8, involved an appeal to the Supreme Court of Ohio by a group of landowners/successor lessors to an oil and gas lease seeking partial termination as to the geological formations covered by the lease below the Gordon Sand formation under the implied covenant to explore further. Id. 2. On September 16, 1980, Collins-McGregor Operating Co. (Collins-McGregor) leased property, as lessee, near the Ohio River in Washington County, Ohio, for "the sole and only purpose" of "mining and operating for oil and gas and laying pipe lines, and building tanks, powers, stations, and structures thereon, to produce, save and take care of said products." Id. f 3 (alteration omitted).