NRS 522.0395 – “Working interest” defined.
“Working interest” means the interest granted under an oil and gas lease, giving the lessee the right to work on the leased property to search for, develop and produce oil and gas. (Added to NRS by 1991, 960)
NRS 522.040 – Powers and duties of Division.
Except as otherwise provided in NRS 522.119: 1. The Division has jurisdiction and authority over all persons and property, public and private, necessary to effectuate the purposes and intent of this chapter. 2. The Division shall make investigation to determine whether waste exists or is imminent, or whether other facts exist which justify or require […]
NRS 522.035 – “Pool” defined.
“Pool” means an underground reservoir containing, or appearing to contain, a common accumulation of oil or gas. Each zone of a general structure which is completely separated from any other zone in the structure is included in the term “pool.” (Added to NRS by 1983, 2071)
NRS 522.037 – “Producer” defined.
“Producer” means the owner of a well or wells capable of producing oil or gas, or both. (Added to NRS by 1983, 2071)
NRS 522.038 – “Royalty” defined.
“Royalty” means the mineral owner’s share of production. (Added to NRS by 1991, 960)
NRS 522.039 – “Waste” defined.
“Waste” includes: 1. The inefficient, excessive or improper use of or unnecessary dissipation of reservoir energy. 2. The locating, spacing, drilling, equipping, operating or producing of any oil or gas well in a manner which results or tends to result in reducing the quantity of oil or gas to be recovered from any pool in […]
NRS 522.029 – “Oil” defined.
“Oil” includes: 1. The crude petroleum oil and other hydrocarbons regardless of gravity which are produced at the wellhead in liquid form; and 2. The liquid hydrocarbon known as distillate or condensate recovered or extracted from gas, other than gas produced in association with oil and commonly known as casing-head gas. (Added to NRS by […]
NRS 522.0295 – “Operator” defined.
“Operator” means a person engaged in the business of drilling wells capable of producing oil or gas. (Added to NRS by 1991, 385)
NRS 522.0301 – “Other nonworking interest” defined.
“Other nonworking interest” means any interest in an oil and gas lease or well which is not a royalty, overriding royalty or working interest. (Added to NRS by 1991, 960)
NRS 522.0305 – “Overriding royalty” defined.
“Overriding royalty” means a share of production taken from the lessee’s interest under an oil and gas lease. (Added to NRS by 1991, 960)