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2. Farmout agreement - Wikipedia

   en.wikipedia.org/wiki/Farmout_agreement

   In the oil and gas industry, a farmout agreement is an agreement entered into by the owner of one or more mineral leases, called the "farmor", and another company who wishes to obtain a percentage of ownership of that lease or leases in exchange for providing services, called the "farmee." The typical service described in farmout agreements is ...

3. File:Original McKelvey Diagram 1976.pdf - Wikipedia

   en.wikipedia.org/wiki/File:Original_McKelvey...

   Date/Time Thumbnail Dimensions User Comment; current: 14:37, 2 September 2021: 725 × 591 (147 KB): Mary Mark Ockerbloom: Uploaded a work by V. E. McKelvey from "Principles of the mineral resource classification system of the U.S. Bureau of Mines and U.S. Geological Survey : Geological Survey Bulletin 1450-A" by Thomas S. Kleppe and V. E. McKelvey, U.S. Bureau of Mines and U.S. Geological Survey.

4. Mineral Leasing Act of 1920 - Wikipedia

   en.wikipedia.org/wiki/Mineral_Leasing_Act_of_1920

   The Mineral Leasing Act of 1920 30 U.S.C. § 181 et seq. is a United States federal law that authorizes and governs leasing of public lands for developing deposits of coal, petroleum, natural gas and other hydrocarbons, in addition to phosphates, sodium, sulfur, and potassium in the United States.

5. McKelvey diagram - Wikipedia

   en.wikipedia.org/wiki/McKelvey_diagram

   A McKelvey diagram or McKelvey box is a visual representation used to describe a natural resource such as a mineral or fossil fuel, based on the geologic certainty of its presence and its economic potential for recovery. The diagram is used to estimate the uncertainty and risk associated with availability of a natural resource.

6. Oil and gas law in the United States - Wikipedia

   en.wikipedia.org/wiki/Oil_and_gas_law_in_the...

   The foundational legal document of the U.S. oil and gas industry is the oil and gas lease. [6] Oil and gas producing companies do not always own the land they drill on. Often, the company (the lessee) leases the mineral rights from the owner (the lessor). Major points in a lease include the description of the property, the term (duration), and ...

7. Production sharing agreement - Wikipedia

   en.wikipedia.org/wiki/Production_sharing_agreement

   The oil company bears the mineral and financial risk of the initiative and explores, develops and ultimately produces the field as required. When successful, the company is permitted to use the money from produced oil to recover capital and operational expenditures, known as "cost oil".

8. Allocation (oil and gas) - Wikipedia

   en.wikipedia.org/wiki/Allocation_(oil_and_gas)

   The contract is a business arrangement for exploration of the oil field between the licensor, (the mineral rights owner, onshore in United States often the land owner, elsewhere often the state possesses the ownership of mineral rights including petroleum reservoirs) [citation needed] and a licensee to share investment costs, operational costs ...

9. Mines and Minerals (Development and Regulation) Act

   en.wikipedia.org/wiki/Mines_and_Minerals...

   The power of states' taxation can extend on atomic minerals and dangerously inflammable resources (oil, natural gas, etc) covered in non-taxation (general) entries 6 and 53 of Union List respectively. However, the verdict while interpreting entry 54 of the union list, has not clarified what is public interest and when or how long it is to be ...