Oil And Gas Law Outline

BUAD 420
Oil and Gas Law

Outline

5/4/2011
Conrad Johnson

Chapter 1: History, Accumulation, and Ownership
C. Ownership
1. Ownership prior to ex leafletion
* Gener anyy property interests will be defined by a grant or backlog of a stated interest within a tract of land that is described by some form of break through description
* Most lands in the U.S. are described in unanimity with a federal rectangular surveying system mandated by congress in the Land Ordincance act of 1785.
* Areas not musical theme to this system are the original 13 states, Florida, Texas, and some portions of the south-west settled below Spanish or Mexican rule.
* strand lines run North to south, and are gaunt at six mile intervals east and west of the selected prime meridian.
* East-west lines are townships, drawn every six miles north and south of the base line.
* Creates a grid of six mile squares called townships that are didvided into 36 sections which are one square mile.
* Rod=16.5 ft Chain=66 ft 1 mile=5280 ft, 80 chains, 320 rods
* Ad Coleum Doctrine- landowner owns everything under land to center of earth and everything above the jump to the heavens
* According to ownership in place theory, landowner owns all substances , including inunct and gas, which lie under his land.




* Ownership is qualified by the operation of the law of scram
* If the oil and gas depart from under the land ownership in such substance is lost
* goop right to take theory, landowner does not own oil and gas under his land, only has the exclusive right to capture such substances.
* Once reduced to dominion and control substances fail an object of absolute ownership
2. Rule of Capture and Ownership at Extraction
* Kelly v. Ohio Oil Co. (Ohio 1897)
* Whatever births into a well belongs to the owner, no point where it came from
* As long as operations are level-headed on own property nothing can be done to stop or limit landowners...If you want to get a full essay, order it on our website: Ordercustompaper.com



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