delay rentals

delay rentals
Rentals charged on leased gas wells pending delay in production during drilling and development operations. United Fuel & Gas Co. v Railroad Com. 278 US 300, 73 L Ed 390, 49 S Ct 150.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Oil and gas law in the United States — is the branch of law that pertains to the acquisition and ownership rights in oil and gas both under the soil before discovery and after its capture, and adjudication regarding those rights. Drilling companies most often lease the rights to drill …   Wikipedia

  • Mineral rights — Contents 1 Mineral estate 2 Mineral rights can be severed 3 Five elements of mineral rights 4 Freehold and non freehold ownership …   Wikipedia

  • Dry-hole clause — A dry hole clause is a provision in an oil or Natural gas lease specifying what a lessee must do to maintain the lease for the remainder of a primary term after drilling a dry hole. Usual the lessee will just have to pay delay rentals. Superior… …   Wikipedia

  • Carrying costs —   Costs incurred in order to retain exploration and property rights after acquisition but before production has occurred. Such costs include legal costs for title defense, ad valorem taxes on nonproducing mineral properties, shut in royalties,… …   Energy terms

  • dry hole clause — A provision in an oil and gas lease specifying what a lessee must do to maintain the lease for the remainder of the primary term after drilling an unproductive well. A dry hole clause is intended to make clear that the lease may be maintained by… …   Black's law dictionary

  • dry hole clause — A provision in an oil and gas lease specifying what a lessee must do to maintain the lease for the remainder of the primary term after drilling an unproductive well. A dry hole clause is intended to make clear that the lease may be maintained by… …   Black's law dictionary

  • or lease — An oil lease obligating a lessee to drill a well within a certain time or pay delay rentals. 24 Am J1st Gas & O § 60 …   Ballentine's law dictionary

  • rent — Verb: To obtain possession of premises under a lease. To let premises. Noun: Compensation in money, provisions, chattels, of services, paid or given in exchange for the use and occupation of real estate. 32 Am J1st L & T § 428. A sum stipulated… …   Ballentine's law dictionary

  • Netflix — Netflix, Inc. Type Public company Traded as NASDAQ: NFLX …   Wikipedia

  • Rental shop — A rental shop, also known as a video library, is a business that allows a consumer to temporarily obtain a reusable good or product for a specified period of time in exchange for payment, a process known as renting. Typically, a rental shop will… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”