{"id":8410,"date":"2017-11-18T23:03:57","date_gmt":"2017-11-18T23:03:57","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=8410"},"modified":"2018-06-06T23:55:35","modified_gmt":"2018-06-06T23:55:35","slug":"types-of-ownership-pertaining-to-oil-gas","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=8410","title":{"rendered":"Ownership regarding Oil & Gas:"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0This page is continued from\u00a0Property<\/a>\u00a0>>>>Ownership<\/a>\u00a0>>>>\u00a0Various Forms of Ownership, Interest, and Estates<\/a>:<\/span><\/strong><\/p>\n

************************<\/p>\n

ownership-in-place theory<\/span><\/a> –\u00a0used in a majority of jurisdictions: holds that the owner has the right to present possession of the oil and gas, as well as the right to use the land surface to search, develop, and produce from the property, but that the interest in the minerals terminates if the oil and gas flows out from under the owner\u2019s land.<\/span><\/span><\/strong><\/p>\n

nonownership theory<\/span><\/a> – used in a minority of jurisdictions, holds that the owner of a severed mineral interest does not have a present right to possess the oil and gas in place but only to search for, develop, and produce it.<\/span><\/span><\/strong><\/p>\n

************************ <\/span><\/p>\n

Back to\u00a0Various Forms of Ownership, Interest, and Estates<\/a><\/span><\/span><\/strong><\/p>\n

Back to\u00a0Ownership<\/a>\u00a0<\/span><\/span><\/strong><\/p>\n

Back to\u00a0 Property<\/a><\/span><\/span><\/strong><\/p>\n

Home Page<\/span><\/a><\/strong><\/p>\n

Like this website?<\/span><\/span><\/strong><\/p>\n

Donate to Wild Willpower PAC<\/a><\/b><\/span><\/strong>
\n<\/strong>or donate via\u00a0<\/span><\/span><\/strong>PayPal<\/a>\u00a0<\/span><\/strong>here:<\/span><\/span><\/strong><\/span><\/p>\n