The Oil And Gas Lease in Canada 4th Edition by John Bishop Ballem 1442688718 9781442688711

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Product details:

ISBN 10: 1442688718 

ISBN 13: 9781442688711

Author: John Bishop Ballem

Long recognized as the standard work on the topic, The Oil and Gas Lease in Canada discusses the legal document that determines the process by which a freehold mineral owner may grant oil companies the right to search for and produce minerals. Subjected to ongoing litigation and governmental regulation, the Lease continues to evolve as the body of common law surrounding it grows and develops. The substances covered by the Lease are unique in that their occurrence is uncertain until discovery, and they are capable of moving from place to place within a reservoir. These qualities have led to the development of new legal concepts, basically creating a separate and distinct branch of the law.

This fourth edition of The Oil and Gas Lease in Canada guides the reader through the complexities of the Lease and the legal issues attached to it. John Bishop Ballem brings the text up to date on recent developments, including changes and additions to the terms of the Lease, the effect of recent court decisions, and the growth of coal bed methane as an energy source. Of particular interest is his examination of what takes place following a Lease’s involuntary termination. Ballem deals with specific examples of this situation, detailing its consequences for both individual mineral owners and companies, as well as for future judicial pronouncements. The fourth edition of The Oil and Gas Lease in Canada is indispensable for mineral owners, oil companies, land agents, lawyers, and legal institutions.

Table of contents:

PART ONE: FUNCTION AND LEGAL CATEGORIZATION OF THE OIL AND GAS LEASE

1 Introduction

2 Function and History of the Oil and Gas Lease

3 Legal Category of the Oil and Gas Lease

PART TWO: ENTERING INTO THE LEASE

4 Negotiations for and Capacity to Grant a Lease

5 Formation of the Lease

PART THREE: THE LEASE

6 What the Lease Grants

7 The Habendum and Interpretation Clauses

8 Royalties, Suspended Well Payments, and Taxes

9 Drainage – Offset Drilling and Pooling

10 Unitization

11 Administrative and Procedural Provisions

12 Other Versions of the Clauses and Additional Provisions

PART FOUR: THE TOP LEASE

13 Top Lease

PART FIVE: INVOLUNTARY TERMINATION

14 Termination of the Lease

15 Deferring the Commitment to Drill

16 Termination of Productive or Potentially Productive Leases

17 Accounting for Past Production

18 Estoppel

19 Litigating the Oil and Gas Lease

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Tags: John Bishop Ballem, Oil, Gas, Canada