correlative rights

correlative rights

[kə′rel·əd·iv ′rīts]
(petroleum engineering)
Legal rights protecting property over a portion of a gas or oil reservoir from excessive or wasteful withdrawal of hydrocarbons by adjoining properties overlying the same reservoir.
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Conventional fiduciary relationships are formed between fiduciaries and beneficiaries, and found an interpersonal form of accountability, realized through assignment of correlative rights and duties between the parties.
Open land books as a result of identifying property owners and real estate tabulation correlative rights to about 6500 buildings under Annex 1;
As a legal relationship, the liability involves correlative rights and obligations.
The State of Alaska's conservation statutes give administrative agencies the power to regulate the production of oil and gas to prevent waste and protect correlative rights.
Brown, in 1861 that "there are no correlative rights existing between the proprietors of adjoining lands.
law offer only the barest of concessions: in correlative rights cases
At present, five categories of groundwater common law doctrines govern different states across the nation: (1) the doctrine of capture; (2) the "American" reasonable-use doctrine; (3) the correlative rights doctrine; (4) the doctrine of prior appropriation; and (5) the Second Restatement of Torts' doctrine of reasonable use.
The agency conducts monthly hearings to review and approve proposed rules and regulations; creates drilling and production units and establishes oil and gas production field rules to protect correlative rights, protect the oil- and gas-producing reservoir, prevent waste resulting from overproduction and establish a defined area for the sharing of production proceeds and production costs; hears applications for requests to integrate drilling units to protect the rights of mineral owners and leasehold working interests; and issues enforcement orders for non-compliance with oil and gas regulations and statutes.
Furthermore, since these correlative rights are implied by (perfect) duties that are themselves essential and absolute, these rights cannot be overridden or set aside in the interests of social welfare.
The Indiana/Kentucky, Approach: Correlative Rights.
20) Typically, the correlative rights doctrine refers to those rights and duties that exist when landowners have an interest in a common source, which in the context of Sourdough is an oil field.
Novak's task is to show that an authentically jewish political theory is a political theology that contains a sophisticated framework of correlative rights and duties.