oil and gas lease

oil and gas lease
Grant of right to extract oil and/or gas from land

Black's law dictionary. . 1990.

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  • 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

  • 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

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  • 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

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  • 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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