Category: Financial / Legal / Administrative / Political

Defines the period of time for which the rights given in the granting clause will extend. The habendum clause provides for a primary term which is a fixed term of years during which the lessee has the right, without any obligation, to operate on the premises. It also describes a secondary term as the extended period of time for which rights are granted to the lessee once production is obtained

A company that confines its activities to owning stock in and supervising management of other companies. Holding companies are relatively common in newly deregulated markets of all types. New regulations in the energy industry, designed in part to stimulate competition for energy services, have forced many vertically integrated utilities to restructure themselves or sell off assets, and many of these utilities have chosen to set up holding companies in regions where regulators have allowed them to do so.

Goldman Sachs is the world’s largest securities firm that is also one of the world’s oil price prognosticators and the most active investment bank in the energy market. These companies are also oil industry analysts