Non-Ownership Theory Law and Legal Definition
In the context of Oil and Gas law, non-ownership theory is a characterization of oil-and-gas rights used in a minority of jurisdictions. This theory holds that the owner of a severed mineral interest does not have a present right to possess the oil and gas in place, but s/he has the right only to search for, develop, and produce it. The interest of such an owner in a nonownership-theory state is akin to a right to use the land and removal of items of value from it. This theory is not prevalent in all states. The states that use this theory are California, Wyoming, Louisiana, and Oklahoma.
Legal Definition list
- Non-Operating Environment [Aeronautics and Space]
- Non-Occupational Disability
- Non-obviousness
- Non-Nuclear-Weapon State
- Non-North America-Domiciled Motor Carrier
- Non-Ownership Theory
- Non-Participating Royalty
- Non-Partnership Items
- Non-personal Rights
- Non-Profit Bylaws
- Non-Profit Elementary or Secondary School
