Oil and Gas Law

[kay_mulan]

PART I. THE NATURE AND PROTECTION OF OIL AND GAS RIGHTS
Chapter 1. The Formation and Production of Oil & Gas
A. Formation of Oil & Gas
B. Drilling for Oil & Gas
C. Producing Oil & Gas
Chapter 2. Ownership of Oil & Gas Rights
A. Ad Coelum Doctrine
B. Rule of Capture
C. Limits to Rule of Capture
1. Inherent Limitations
a. Escaped Hydrocarbons
b. Drainage by Enhanced Recovery Operations
2. Doctrine of Correlative Rights
3. Conservation Laws
a. Economic & Physical Waste
b. Function of Oil & Gas Conservation Laws
(1)Purpose
(2)Well Spacing Rules
(3) Well Spacing Exceptions
C. Limits to Rule of Capture continued
(4) Production Regulation
(5) Small Tract Problem
D. Theories of Ownership of Oil & Gas
1. Non-Ownership & Ownership in Place Theories
2. Significance of the theories of Ownership
a. Corporeal/Incorporeal Distinction
(1) Abandonment of Oil & Gas Interests
(2) Forms of Action to Protect Oil & Gas Rights
b. Classification of Oil & Gas Rights as Real Property or Personal Property
c. Practical Impact of Theory of Ownership
Chapter 3. Kinds of Oil & Gas Interests
A. Fee Interest
B. Mineral Interest
1. Mineral Interest Includes Right To Use Surface
2. Characteristics of Mineral Interest Ownership
C. Leasehold Interest
D. Surface Interest
E. Royalty Interest
1. Kinds of
2. Characteristics of
F. Production Payment
G. Net Profits Interest
H. Carried Interest
I. Other Interests
Chapter 4. Protection of Oil & Gas Rights
A. Damage to Lease Value
1. Rationale of the Remedy
2. Measure of Damages
B. Slander of Title
1. False Claim
2. Malicious Intent
3. Specific Damages
C. Assumpsit
D. Ejectment & Conversion
E. Conclusion

notes. not for profit.