depletable economic interest

depletable economic interest
The interest in mineral land which is subject to depletion by the removal of the minerals by operation of an oil well, mine, or the like. Spalding v. U. S., C.C.A.Cal., 97 F.2d 697, 700; U. S. v. Spalding, C.C.A.Cal., 97 F.2d 701, 704.

Black's law dictionary. . 1990.

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  • depletable economic interest — The interest in mineral land which is subject to depletion by the removal of the minerals by operation of an oil well, mine, or the like. Spalding v. U. S., C.C.A.Cal., 97 F.2d 697, 700; U. S. v. Spalding, C.C.A.Cal., 97 F.2d 701, 704. See… …   Black's law dictionary

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