oil and gas lease

A lease granting the right to extract oil and gas from a specified piece of land.

• Although called a “lease,” this interest is typically considered a determinable fee in the minerals rather than a grant of possession for a term of years. [Cases: Mines and Minerals 73–81. C.J.S. Mines and Minerals §§ 210, 233, 238–283, 285–325, 442.]

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词条贡献者

译员何巍，毕业于欧洲一流的高级翻译学院，专注翻译各种与生命科学有关的法律文件。