Meaning Non-Ownership Theory
What does Non-Ownership Theory mean? Here you find 3 meanings of the word Non-Ownership Theory. You can also add a definition of Non-Ownership Theory yourself
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Non-Ownership TheoryIn the context of Oil and Gas law, non-ownership theory is a characterization of oil-and-gas rights used in a minority of jurisdictions. This theory holds that the owner of a severed mineral interest [..]
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Non-Ownership TheoryThe characterization of oil and gas rights that a severed mineral interest owner has merely a right to search, develop and produce oil and gas from the land, but not a present right to possess the oil and gas in place. Because there is no right to present possession, the interest of a severed mineral interest owner in a non-ownership theory state i [..]
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Non-Ownership Theory
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