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THE NATURE AND PROTEC
Ownership of Oil and Gas Rights
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acreage adverse possession agreement applied Blackacre bonus breach commenced common law contract convey correlative rights costs created damages delay rental payments doctrine drainage drilling operations drilling-delay rental clause dry hole clause duction easement economic eral example farmout fee simple absolute gas interests gas lease gas rights granting clause grantor held implied covenant included instrument intention inter land language leased premises lessee lessee's lessor limited ment metes and bounds mineral deed mineral interest owner mineral owner mineral rights natural gas Oil & Gas oil and gas oil or gas Oklahoma parties paying quantities payment of delay petroleum primary term problem produce oil production Professor of Law protect real property reference remainderman reservation royalty clause royalty interest rule of capture severed mineral shut-in royalty sion specifically statutes substances surface owner tenant terest term clause terminate Texas Supreme Court tion top lease tract transfer trespasser warranty deed