Capture-and-Hold Rule [Oil and Gas law] Law and Legal Definition
Capture and hold rule is a principle of oil and gas law that is applied while calculating royalty. According to this rule “production” occurs when oil or gas is pumped to the surface and stored, whether at the wellhead or elsewhere on the leased property.
Legal Definition list
- Capture-and-Hold Rule [Oil and Gas law]
- Capture
- Captor
- Captivity
- Captives [Insurance]
- Captured Agency
- Captured State
- Captured Vessel
- Caput Gerat Lupinum
- Car Jacking
- Car Line
Related Legal Terms
- 180-Day Rule
- 21st Century Nanotechnology Research and Development Act of 2003
- 270 Day Rule
- 3-A Sanitary Standards and Accepted Practice
- 3-Way Incandescent Lamp
- 480th Intelligence, Surveillance and Reconnaissance Wing
- 50 Percent Rule
- 70th Intelligence, Surveillance and Reconnaissance Wing
- 85 Percent Rule
- ABA-Approved Law Schools
