Overpayment [Oil and Gas] Law and Legal Definition
According to 30 USCS § 1702 (Title 30; Mineral Lands and Mining; Chapter 29; Oil and Gas Royalty Management), the term "overpayment" means “any payment by a lessee or its designee in excess of an amount legally required to be paid on an obligation and includes the portion of any estimated payment for a production month that is in excess of the royalties due for that month.”
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