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Simple English definitions for legal terms

nonownership theory

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A quick definition of nonownership theory:

Nonownership theory: A way of describing oil and gas rights in some places that says the owner of the minerals doesn't have the right to possess the oil and gas right now, but only to look for it, develop it, and take it out of the ground. This means the owner can't use the land where the oil and gas is found, but can take things of value from it. This theory is used in a few states like California, Wyoming, Louisiana, and Oklahoma.

A more thorough explanation:

Nonownership theory is a concept used in the oil and gas industry. It refers to a legal principle that states that the owner of a mineral interest does not have the right to possess the oil and gas in place, but only to search for, develop, and produce it. This means that the owner of the mineral interest has the right to use the land and remove items of value from it, but not to possess the oil and gas in place.

For example, let's say that John owns a piece of land that has oil and gas reserves underneath it. He sells the mineral rights to Jane, who now has the right to search for, develop, and produce the oil and gas. However, under the nonownership theory, Jane does not have the right to possess the oil and gas in place. She can only extract it and use it for her own purposes.

The nonownership theory is used in a few states, including California, Wyoming, Louisiana, and Oklahoma. It is different from the ownership-in-place theory, which holds that the owner of the mineral interest has the right to possess the oil and gas in place.

nonoperative performance bond | non pars substantiae sive fundi, sed accidens

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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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