Back-In Right [Oil and Gas] Law and Legal Definition
Back-In Right is an Oil & Gas term that refers to a reversionary interest in an oil and gas lease. This right entitles the assignor to a share of the working interest after the assignee has recovered specified costs from production.
The following is an example of a case law defining the term:
A "back-in right" is a reversionary interest in a lease which allows a party to a specified share of the working interest when the assignee has recovered specified costs from production. [McDONALD v. HUMPHRIES, 1990 OK 51 (Okla. 1990)].
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