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Oil & Gas Law 1

This class was created by Brainscape user James Murray . Visit their profile to learn more about the creator.

By: James Murray
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Decks in this class (18)

Nature Of Ownership In Oil And Gas
Correlative rights,
Rule of capture,
Ownership in place
6  cards
Classifications And Consequences
Mineral interest,
Leasehold interest,
Royalty interest
11  cards
Surface and Subsurface Trespass
Law of cotenancy,
Trespass,
Humble oil refining co v kishi
8  cards
Adverse Possession Of Minerals
Possession of the surface notice,
4 elements of adverse possession,
Gerhard v stephens
5  cards
Effects Of Divided Ownership On Oil And Gas Operations
Joint tenancy,
Tenancy in common,
Majority rule on concurrent inter...
13  cards
Successive Interests
Common law rule on successive int...,
Life tenant remainderman relation...,
Doctrine of waste
6  cards
Surface- Mineral Severance: Herein Of Split Estates
Mcfarland v taylor,
Sun oil v whitaker,
Easement
4  cards
Hebendum and Delay Rental Clauses
Habendum clause,
Delay rental clause,
The unless lease
21  cards
Delay Rentals- The "or" Lease
Condition,
Covenant,
Surrender clause
5  cards
Drilling Operations
Discovery and marketing,
Marketing,
Majority rule on production marke...
6  cards
Production in Paying Quantities
Definition of production,
Mathematical profit test,
Reasonable prudent operator test
12  cards
Savings Clauses
Savings clause,
Continuous operations clause,
Sword v rains
12  cards
The Royalty Clause
Royalty clause,
Majority rule on royalty calculat...,
Minority rule on royalty calculat...
27  cards
Miscellaneous Clauses
Covenants of title and subrogatio...,
Drilling and operations restrictions,
Release of record
6  cards
Covenants IMplied in Oil and Gas Leases
Three implied covenants texas,
Four implied covenants colorado,
Reasonable prudent operator standard
5  cards
Implied Covenant to Protect from Drainage
Required elements of drainage,
Sundheim v reef,
Finley v marathon
4  cards
Implied Covenants of Reasonable Development and Further Exploration
Speculative purposes,
Required elements for lessor to p...,
Whitham farms v city of longmont
10  cards
Remedies for Breach of Express Drilling Agreements
Measure of damages for a breach o...,
Joyce v wyant,
Fisher v tomlinson
4  cards

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Oil & Gas Law 1

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