Chapter 42 - CHAPTER 42 BASICS OF OIL AND GAS

• Jurisdiction: Colorado

Chapter 42 BASICS OF OIL AND GAS

C. Elaine Carleton, Esq.
Lauren W. Matthews, Esq.

SYNOPSIS

§ 42.1 INTRODUCTION

§ 42.2 TERMS AND TYPES OF INTERESTS IN OIL AND GAS

§ 42.3 HISTORY OF OIL AND GAS LAW

§ 42.3.1—Ad Coelum Doctrine
§ 42.3.2—Rule of Capture Doctrine
§ 42.3.3—Correlative Rights
§ 42.3.4—Economic and Physical Waste
§ 42.3.5—Limitation of the Rule of Capture Through Oil and Gas Conservation Laws

§ 42.4 CLASSIFICATION OF MINERAL, ROYALTY, AND LEASEHOLD INTERESTS

§ 42.4.1—Classification as Real or Personal Property
§ 42.4.2—Classification as Corporeal or Incorporeal
§ 42.4.3—Consequences of Classification

§ 42.5 CONVEYANCE OF MINERAL, ROYALTY, AND LEASEHOLD INTERESTS

§ 42.5.1—Impact of a Conveyance or Reservation of "Minerals"
§ 42.5.2—Mineral/Royalty Distinction
§ 42.5.3—Fractional Interest Conveyances
§ 42.5.4—Term Mineral Estates and Related Issues

§ 42.6 PROBATE ISSUES IMPACTING OIL AND GAS INTERESTS

§ 42.6.1—Colorado Probate Code
§ 42.6.2—Statute of Limitations
§ 42.6.3—Methods for

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