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correlative rights"Correlative rights" means the right of each owner in a geothermal area to obtain that owner's just and equitable share of the underlying geothermal resource, or an economic equivalent [..]
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correlative rightsrights that are coequal or that relate to one another, so that any one owner cannot take more than his share.
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correlative rightsThe ownership rights of oil/gas producers within a common reservoir.
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correlative rightsA mineral owner is entitled to “capture” oil and gas from an accumulation which exists beneath his or her property, even though the accumulation extends beyond his or her property line. The mineral owner has the “correlative” right to drill a well on his or her property and produce oil and gas, which might otherwise flow toward wells (drilled on ad [..]
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correlative rightsFor mineral owners, it is the right to their share of the field’s mineral resources and to be protected from wasteful practices by others in the field.
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