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What is the rule of non apportionment?

Non-Apportionment Rule The rulefollowed in the majority of statesthat royalties accruing under a lease on property that has been subdivided after the lease grant are not to be shared by the owners of the various subdivisions but belong exclusively to the owner of the subdivision where the producing well is located.

What is non apportionment?

Non-apportioned Vehicle means a motor Vehicle used for commercial purposes for which registration under the International Registration Plan is optional or which is ineligible for registration under the International Registration Plan.

How does an oil lease work?

A mineral lease is a contractual agreement between the owner of a mineral estate (known as the lessor), and another party such as an oil and gas company (the lessee). The lease gives an oil or gas company the right to explore for and develop the oil and gas deposits in the area described in the lease.

What is a ratification of an oil and gas lease?

To ratify a lease means that the landowner and oil gas producer, as current lessor and lessee of the land, agree (or re-agree) to the terms of the existing lease.

What is a savings clause oil and gas lease?

A shut-in royalty clause is a savings clause within an oil and gas lease that allows a lessee to shut in a well but continue to maintain its lease by paying the lessor certain royalties identified in the lease.

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