Changes

===Habendum (or Term) clause===

===Habendum (or Term) clause===

This clause specifies the primary term of the lease and usually provides for an extension of the primary term in the event that production in paying quantities is had from the lease. The Habendum clause is usually affected by other clauses in the lease, such as the pooling, rental, dry hole and cessation of production, nonforfeiture, and force majeure clauses, as well as other special clauses (e.g., Pugh clause and continuous drilling clauses).

This clause specifies the primary term of the lease and usually provides for an extension of the primary term in the event that production in paying quantities is had from the lease. The Habendum clause is usually affected by other clauses in the lease, such as the pooling, rental, [[dry hole]] and cessation of production, nonforfeiture, and force majeure clauses, as well as other special clauses (e.g., Pugh clause and continuous drilling clauses).

===Royalty clause===

===Royalty clause===