Drilling Rights definition
Drilling Rights means any oil and gas leases, overriding royalty interests, mineral interests, farmins, farmouts, option farmins, working interests, back-in working interests, carried interests, reversionary leasehold interests, force pooled interests and/or any other contractual, economic or statutory right in and to oil, gas and/or other hydrocarbons.
Examples of Drilling Rights in a sentence
In addition to the Land and Personal Property defined in the Agreement, the “Property” that ▇▇▇▇▇ agrees to purchase from Seller also includes the “City Springs Water Right”, “14-inch pipe line”, and “Water Drilling Rights and Restrictive Covenants” described in the Deed and Assignment attached hereto as Exhibit D.