What terms (time periods) apply to my lease?

Your lease may include a number of different time periods. Not every time period applies to every lease. These periods include: (a) A primary term consisting of: (1) Ten years; (2) An initial extension of the primary term for up to 5 years; (3) An additional extension of the primary term for up to 5 years; (b) A drilling extension of 5 years under § 3207.14; (c) A production extension of up to 35 years; and (d) A renewal period of up to 55 years.