(a) A mineral lessee under an oil and gas lease does not owe a fiduciary duty or a fiduciary obligation to the mineral lessor.
(b) The mineral lessee shall:
(1) Perform the covenants of the lease in good faith; and
(2) Develop and operate the leased mineral estate as a prudent operator for the mutual benefit of the mineral lessor and mineral lessee.
Section: Previous 15-73-202 15-73-203 15-73-204 15-73-205 15-73-207 15-73-208 NextLast modified: November 15, 2016