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Chris，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与卫星及航天技术诉讼有关的法律文件。