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2. Mineral Leasing Act of 1920 - Wikipedia

   en.wikipedia.org/wiki/Mineral_Leasing_Act_of_1920

   The Mineral Leasing Act "establishes qualifications for leases, sets out maximum limits on the number of acres of a particular mineral that can be held by a lessee, and prohibits alien ownership of leases except through stock ownership in a corporation." Conditions of a lease under the Mineral Leasing Act vary based on the type of mineral being ...

3. Oklahoma Department of Mines - Wikipedia

   en.wikipedia.org/wiki/Oklahoma_Department_of_Mines

   The Oklahoma Legislature abolished the State Mining Board and replaced it with the Oklahoma Mining Commission in 1985. The Commission is a nine-member board that serves as the governing body of the Department and is responsible for approving the Department's budget, establishing policy and appointing the Director of the Department.

4. Mineral rights - Wikipedia

   en.wikipedia.org/wiki/Mineral_rights

   A surface use agreement (SUA) is a contract between a property owner and a mineral rights holder that dictates how the mineral rights are to be developed. [27] Meaning, when mineral rights are extracted by a company that does not own the property above where the minerals are located, the company has the legal right to extract those minerals ...

5. Oklahoma Energy Resources Board - Wikipedia

   en.wikipedia.org/wiki/Oklahoma_Energy_Resources...

   The Oklahoma Energy Resources Board (abbreviated OERB) is an agency of the state of Oklahoma.Funded voluntarily by Oklahoma's oil and natural gas producers and royalty owners, the OERB conducts environmental restoration of orphaned and abandoned well sites, encourages the wise and efficient use of energy, and promotes energy education.

6. Royalty payment - Wikipedia

   en.wikipedia.org/wiki/Royalty_payment

   A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.

7. Production sharing agreement - Wikipedia

   en.wikipedia.org/wiki/Production_sharing_agreement

   In production sharing agreements the country's government awards the execution of exploration and production activities to an oil company. The oil company bears the mineral and financial risk of the initiative and explores, develops and ultimately produces the field as required. When successful, the company is permitted to use the money from ...

8. The Foundation for Natural Resources and Energy Law

   en.wikipedia.org/wiki/The_Foundation_for_Natural...

   Mineral Law Newsletter — Current developments in mineral law. Water Law Newsletter — Current developments in water law. Gower Federal Services — Decisions of the Interior Board of Land Appeals [7] and the Office of Natural Resources Revenue [8] relating to mining, oil and gas, outer continental shelf, and royalty issues.

9. Farmout agreement - Wikipedia

   en.wikipedia.org/wiki/Farmout_agreement

   In the oil and gas industry, a farmout agreement is an agreement entered into by the owner of one or more mineral leases, called the "farmor", and another company who wishes to obtain a percentage of ownership of that lease or leases in exchange for providing services, called the "farmee." The typical service described in farmout agreements is ...