دیکشنری تخصصی مهندسی نفت - نسخه آنلاین

n: a cash payment by the lessee for the execution of an oil and gas lease by the mineral owner;expressed as dollars per acre. Occasionally, an oil payment or overriding royalty may be reserved as a bonus by a lessor in addition to regular royalty.

n: the commitment of reserves of natural gas to a buyer or lessor.

n: a sum of money payable to the lessor by the lessee for the privilege of deferring the commencement of drilling operations and keeping the lease valid. May be paid monthly, quarterly, or annually.

n: the downhole tools whose ownership doesnt belong to the user who must pay the lessor for the right to use

n: clause in an oil aIxl gas lease that specifies die rights and interests granted by the lessor to die lessee. Such rights usually involve searching and drilling for, then producing, oil and gas.

n: 1. a legal document executed between a landowner, as lessor, and a company or individual, as lessee, that grants the right to exploit the premises for minerals or other products;the instrument that creates a leasehold or working interest in minerals.2. the area where production wells, stock tanks, separators, LACf units, and other production equipment are located.

n: in an oil and gas lease, the clause that binds the parties and declares the lease effective for the lessor when he or she signs the instrument.

n: the conveyor of a lease (such as an oil and gas lease).

n: a clause in an oil and gas lease that includes the lease lands that may be owned by the lessor and inadvertently omitted from the legal description. These are usually oddly-shaped bits owned by the lessor and adjoining the described tract. Also called coverall clause.

n: a lease agreement in which the lessor shares in the net proceeds of production after the lessee has recovered the initial investment. The various expenses allowed as deductions from gross proceeds are points of negotiation. Also applies to working-interest relationships.