Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

apportionment rule

Read a random definition: l'acte de l'état civil

A quick definition of apportionment rule:

An apportionment rule is a legal principle that applies to oil and gas leases on land that is divided during the lease term. It states that if the land is sold to multiple owners, each owner is entitled to a share of the royalties from the lease in proportion to their ownership interest in the land. For example, if two people own equal shares of the land, they would each receive half of the royalties. This rule is only followed in California, Mississippi, and Pennsylvania.

A more thorough explanation:

The apportionment rule is a legal principle that applies to oil and gas leases. It is a minority doctrine that states that if a piece of land is divided during the lease term, the royalties accrued under the lease must be shared by the landowners in proportion to their interests in the land.

For example, let's say Grey granted a lease to Simms for a piece of land. Later, Grey sold half of the land to Metcalfe. According to the apportionment rule, Simms and Metcalfe would each be entitled to half of any royalty from the land, no matter where the producing well was located.

It is important to note that only three states in the United States follow this rule: California, Mississippi, and Pennsylvania. The majority of states follow the nonapportionment rule, which means that the royalties are not divided among the landowners based on their interests in the land.

The apportionment rule is designed to ensure that each landowner receives a fair share of the royalties from the oil and gas produced on the land. It prevents one landowner from receiving a disproportionate amount of the royalties simply because the producing well happens to be located on their portion of the land.

apportionment of liability | apportum

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.