Meaning Rule of Capture
What does Rule of Capture mean? Here you find 4 meanings of the word Rule of Capture. You can also add a definition of Rule of Capture yourself
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Rule of Capture
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Rule of CaptureRule of capture states that the first person to capture a natural resource owns that resource. A rule of capture helps in determining the ownership of natural resources like groundwater, oil and gas t [..]
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Rule of CaptureThe fundamental principle of oil and gas law that there is no liability for drainage of oil and gas from under the lands of another, so long as there has been no trespass and all relevant statues and regulations have been observed.
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Rule of CaptureThe fundamental principle of oil and gas law that there is no liability for capturing oil and gas that drains from another’s lands. The owner of mineral rights in a tract of land acquires title to th [..]
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