Definition(s)
Lease
“Lease” means an oil and gas lease issued pursuant to regulations made in accordance with the Territorial Lands Act and the Public Lands Grants Act and includes a production licence issued under Part II; concession.
Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. Legislation
Lease
“Lease” means an oil and gas lease issued pursuant to regulations made in accordance with the Territorial Lands Act and the Public Lands Grants Act and includes a production licence issued under the Canada Petroleum Resources Act; concession.
Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. Legislation
Lease
Lease means an agreement that is issued under section 8 or maintained under section 6 of the Act and that authorizes exploration for, and development and production of, minerals. The term also means the area covered by that authorization, whichever the context requires.
Source: Oil and Gas and Sulphur Operations in the Outer Continental Shelf, 30 CFR 250 (2013). Regulations
Lease
“Lease” means a contiguous geographical area of identical ownership overlying a pool or portion of a pool. An area pooled, unitized or communitized, either by agreement or by division order, or a participating area shall constitute a lease. If there is diversity of ownership between different pools, or between different zones or strata, then each such pool, zone or stratum having diverse ownership shall be considered a separate lease.
Source: Oil and Gas, New Mexico Administrative Code Title 19, Chapter 15, January 2013. Regulations
Lease
Any property, irrespective of the legal title or possession, from which gas or oil is being produced or sought. A single lease may include adjacent properties under the same employer.
Source: Petroleum Safety Orders–Drilling and Production, Definitions, California Code of Regulations, 8 CCR § 6505, December 2012. Regulations