Correlative rights definition

Correlative rights means the opportunity of each owner in a pool to produce his just and equitable share of the oil and gas in the pool without waste.

Correlative rights means the reasonable opportunity of each person entitled thereto to recover and receive or receive, without waste, the oil and gas in and under or produced from a tract or tracts in which the person owns or controls an interest, or proceeds thereof;

Correlative rights means the reasonable opportunity to every person entitled thereto to recover and receive the oil and gas in and under the person's tract or tracts, or the equivalent thereof, without having to drill unnecessary wells or incur other unnecessary expense.

Examples of Correlative rights in a sentence

• Correlative rights of dominant and servient owners in right-of-way for pipeline, 28 A.L.R.2d 626.

• Issue: Correlative rights of mineral owners within a large unit in which mineral interests have been pooled may be harmed if the operator fails to timely and prudently develop the unit.

• Beneath the surface, the common medium, regarding oil and gas, is the porous and permeable rock structure where the oil and gas reside.40 Correlative rights, however, are more “property” than “tort.” Nuisance is a tort remedy to protect property; it does not define the property itself.

• Correlative rights, consistent with the public interest in preventing waste, focus on maximizing the resource benefits for all reservoir co-owners as opposed to merely maximizing an individual owner’s capture rights.

• Correlative rights define a stock that is proportional to the amount of land owned as long as there is no spatial movement of water.

More Definitions of Correlative rights

Correlative rights means the opportunity afforded, as far as it is practicable to do so, to the owner of each property in a pool to produce without waste the owner’s just and equitable share of the oil or gas in the pool, being an amount, so far as can be practically determined, and so far as can be practicably obtained without waste, substantially in the proportion that the quantity of recoverable oil or gas under the property bears to the total recoverable oil or gas in the pool, and for the purpose to use the owner’s just and equitable share of the reservoir energy.

Correlative rights means the opportunity of each owner in a pool to produce his

Correlative rights means the right of each gas or oil owner having an interest in a single pool to

Correlative rights means that each owner and producer in a common pool or source of supply of oil and gas shall have an equal opportunity to obtain and produce his just and equitable share of the oil and gas underlying such pool or source of supply.

Correlative rights means the reasonable opportunity of each person entitled thereto to recover and receive without waste the oil and gas in and under his tract or tracts, or the equivalent thereof; and

Correlative rights means the reasonable opportunity of each person entitled thereto

Correlative rights means the opportunity of each owner in a pool to produce the