ownership-in-place theory

ownership-in-place theory
The principle followed in a number of jurisdictions that oil and gas in place belong to the owner of the land and that he can convey and encumber them the same as any other mineral estate, subject, of course, to the possibility of their escape and resultant loss of title. 24 Am J1st Gas & O § 4.

Ballentine's law dictionary. . 1998.

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