nonapportionment rule

nonapportionment rule. Oil & gas. The majority doctrine that royalties accrued under a mineral lease on land that is later subdivided during the lease term are not shared by the owners of the subdivisions, but belong exclusively to the owner of the land where the producing well is located. • For example, if Grey granted a lease to Wainwright, then sold one-half of the land to Svenson, and a well on Wainwright’s half began producing minerals, only Wainwright would be entitled to the royalty. Cf. APPORTIONMENT RULE.

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词条贡献者

资深译员Sheldon，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关零售和消费品领域的法律文件。