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Definitions (43)
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abandoned well
A well not in use because it was a dry hole originally, or because it has ceased to produce.
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abstract of title
A chronological history of the ownership or significant events affecting a particular piece of property. In formal usage, a document prepared by an abstract or title company and certified by the prepa [..]
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assignment
The legal instrument whereby Oil and Gas Leases or Overriding Royalty interests are assigned or conveyed. ASSIGNEE:
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assignor
The individual conveying Oil and Gas Leases or Overriding Royalty in an Assignment.
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bonus
Cash consideration paid to a landowner or mineral owner on the execution of an Oil, Gas and Mineral Lease.
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check stub
Stub attached to a check disclosing well name, month of production, price received and total volumes produced.
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delay rental
Yearly payments made during primary term to Lessor to delay drilling.
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depository bank
The bank to which payment of delay rental or other sums may be paid to the credit of lessor or his successors in interest.
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division order
A schedule of owners and their decimal share in revenues of the well derived from the sale of oil or gas.
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grantee
The person receiving the grant of lands, minerals, etc.
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