paying quantities

paying quantities
This phrase, as used in oil and gas leases, when applied to the production of oil, means such a quantity as will pay a profit on the cost of operating the well. Sufficient quantities to pay a reasonable profit on the whole sum required to be expended, including the cost of drilling, equipping, and operating the well. If the well pays a profit, even small, over operating expenses, it produces in paying quantities, though it may never repay its cost, and the operation as a whole may prove unprofitable

Black's law dictionary. . 1990.

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