Sentence examples for drilling lease from inspiring English sources

The Interior Department gives owners of nonproducing platforms one to five years to remove them, depending on the status of their drilling lease and where they are located.

In Ohio, bank regulators sent a letter in September to state lawmakers warning that if borrowers did not get their lenders' consent before signing a drilling lease, they would be violating the terms of their mortgage.

A separate report from the Congressional Research Service, the research arm of Congress, said signing a drilling lease without prior approval on a property with a mortgage owned or guaranteed by Fannie Mae or Freddie Mac "generally will be considered an act of default under the mortgage".

The White House is betting that Americans will ignore the Keystone issue, and that Mr. Obama's recent speeches on the road about his energy initiatives, including one in which he said that the Department of Interior would hold a new drilling lease sale for the Gulf of Mexico, will blunt Republican efforts.

The company blamed the drop on March drilling lease sales in the Gulf of Mexico, which led clients to delay buying seismic data until they digest the results of the sales.

These firms control one out of every three acres off the U.S. coastline that is covered by an active drilling lease.

However, lenders warned that mortgage rules required approvals from lenders before drilling leases were signed.

To be sure, many landowners have earned small fortunes from drilling leases.

Mr. Gibbs said there would be "an extensive environmental review before deciding" on issuing new drilling leases.

But lawyers say that drilling leases are not like other contracts.

In private e-mails, some lenders said drilling leases could create problems for getting a mortgage.