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In 2007, the Dept. of the Interior (Interior) collected $10.5 billion in revenues from companies that hold fed. oil and gas leases. Acquiring a fed. lease gives the lessee the rights to explore for and develop the oil and gas resources under the lease. Development entails many tasks, incl. drilling wells and building pipelines that may lead to oil and gas production. This report: (1) describes Interior's efforts to encourage development of fed. oil and gas leases and compares them to states' and private landowners' efforts; (2) examines trends in leasing and factors that may affect development; and (3) describes development on a sample of leases. The auditor reviewed data on 55,000 leases and spoke to officials in 8 states with leasing experience. Illus.
Long recognized as the standard work on the topic, The Oil and Gas Lease in Canada discusses the legal document that determines the process by which a freehold mineral owner may grant oil companies the right to search for and produce minerals. Subjected to ongoing litigation and governmental regulation, the Lease continues to evolve as the body of common law surrounding it grows and develops. The substances covered by the Lease are unique in that their occurrence is uncertain until discovery, and they are capable of moving from place to place within a reservoir. These qualities have led to the development of new legal concepts, basically creating a separate and distinct branch of the law. Th...
This is a detailed and informed casebook examining all major aspects of law governing oil and gas including discussion on energy policy and the nature and protection of interests in oil and gas. Providing original text and explanatory materials, the book allows fast, easy and informed research. Section titles discuss: A Brief Introduction to the Scientific and Engineering Background of Oil and Gas Law; Energy Policy; The Nature and Protection of Interests in Oil and Gas; The Oil and Gas Lease - A Close Look at Its More Important Clauses; Covenants Implied in Oil and Gas Leases; Title and Conveyancing Problems Arising From Transfers by Fee Owners and Lessors; Transfers Subsequent to a Lease; Pooling and Unitization; and Public Lands.
Excerpt from The Law Relating to Oil and Gas: Including Oil and Gas Leases and Contracts, Production of Oil and Gas, Both Natural and Artificial, and Supplying Heat and Light Thereby, Whether by Private Corporations or Municipalities The first edition of this work appeared January 1, 1904. It was not a pioneer work on the subject of Oil and Gas, but its sole predecessor was a very elementary and rather small work, for the law then relating to petroleum and natural gas had been but little developed. No pretense prior to the issue of this work had been made to cover the entire field that it covers. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. F...
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