oil and gas lease

oil and gas lease
noun
: a deed by which a landowner authorizes exploration for and production of oil and gas on his land usually in consideration of a royalty

Useful english dictionary. 2012.

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  • oil and gas lease — A grant of the sole and exclusive right to develop the land described in the lease for oil arid gas or a demise for a designated term of years for the purpose of such development, subject to the conditions of a payment of royalty in the event of… …   Ballentine's law dictionary

  • oil and gas lease — Grant of right to extract oil and/or gas from land …   Black's law dictionary

  • Oil and gas law in the United States — is the branch of law that pertains to the acquisition and ownership rights in oil and gas both under the soil before discovery and after its capture, and adjudication regarding those rights. Drilling companies most often lease the rights to drill …   Wikipedia

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  • Offshore oil and gas in the US Gulf of Mexico — is a major source of oil and natural gas in the United States. The western and central Gulf of Mexico, which includes offshore Texas, Louisiana, Mississippi, and Alabama, is one of the major petroleum producing areas of the United States. In 2007 …   Wikipedia

  • Offshore oil and gas in the United States — provides a large portion of the nation’s oil and gas supply. Large oil and gas reservoirs are found in the sea nearby Louisiana, Texas, California, and Alaska. Environmental concerns have prevented or restricted offshore drilling in some areas,… …   Wikipedia

  • Offshore oil and gas in California — All oil drilling into the South Ellwood Offshore field takes place from Platform Holly, about two miles (3 km) offshore in state waters …   Wikipedia

  • Connacher Oil and Gas — Limited Type Public (TSX: CLL) Industry Oil and Ga …   Wikipedia

  • Chief Oil and Gas — Articleissues orphan = March 2008 refimprove = March 2008Infobox Company company name = Chief Oil and Gas company company type = Private foundation = 1994 location = Dallas, Texas, USA key people = Trevor Rees Jones, President and Chief Executive …   Wikipedia

  • Production, oil and gas —   The lifting of oil and gas to the surface and gathering, treating, field processing (as in the case of processing gas to extract liquid hydrocarbons), and field storage. The production function shall normally be regarded as terminating at the… …   Energy terms

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