Nev. Rev. Stat. § 361.608 — Leases for development of oil, gas and geothermal resources: Term of lease

NRS  361.608    Leases for development of oil, gas and geothermal resources:
Term of lease.    A lease may be for
a fixed period, and so long thereafter as minerals, oil, gas or other
hydrocarbon substances or geothermal resources are produced in paying
quantities from the property leased or mining or drilling operations are
conducted thereon, and, if the lease provides for the payment of a shut-in
royalty, so long as such royalty is paid, and, if the land covered by the lease
is included in an agreement with lessees, operators or owners of other lands
for cooperative development or unit operation of a larger area including the
leased lands, so long as oil, gas or other hydrocarbon substances or geothermal
resources are produced in paying quantities from any of the lands included in
any such agreement or drilling operations are conducted thereon.