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COMMUNITY LEASE

Bible DictionaryPetroleum Industry Dictionary
A single lease covering two or more separately owned parcels of land. A community lease may result from the execution of a single lease by the owners of separate tracts or by the execution of separate but identical leases by the owners of separate tracts when each lease purports the entire consolidated acreage. Usually the result of the execution of community lease is the apportionment of royalties in proportion to the, interests owned in the entre leased acreage.

 

Industry INDEX:

List of Terms: Terms beginning with "A", Page 1

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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A: Page 1 of 22.

A
A-FRAME
A-h
A-mast
AAODC
AAPG
ABANDONED OIL
ABRASIVE PAPERS
ABS
ABSOLUTE alcohol
ABSORBENCY
ABSORBENT PAPERS

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