apportionment rule

apportionment rule. Oil & gas. The minority doctrine that royalties accrued under an oil-and-gas lease on land that is subdivided during the lease term must be shared by the landowners in proportion to their interests in the land. • For example, if Grey granted a lease to Simms, then sold one-half of the land to Metcalfe, Simms and Metcalfe would each be entitled to one-half of any royalty from the land, no matter where the producing well was located. Only California, Mississippi, and Pennsylvania follow this rule. Cf. NONAPPORTIONMENT RULE.
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译者Mathew,国际知名法学院国际仲裁与争端解决专业,擅长翻译各种与美国国内仲裁相关的法律文件。
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