WY Bar Practice Questions - Wyoming Bar Examination Exam

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An oil and gas lessee in Wyoming holds a lease that is silent on the standard for developing the leased minerals. Courts generally imply which covenant requiring the lessee to act as a reasonably prudent operator?

An implied covenant of perpetual non-development Implied covenants to develop, protect against drainage, and reasonably market production An implied covenant to convey the surface estate to the lessor No implied covenants, because oil and gas leases are construed strictly against the lessor

Correct Answer:

Implied covenants to develop, protect against drainage, and reasonably market production

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