Home > Terms > English, UK (UE) > Top lease

Top lease

An oil and gas lease wherein the bonus consideration is paid at the signing of the lease. However, this lease becomes effective only after the expiration or termination of an existing lease on the tract of land.

This is auto-generated content. You can help to improve it.
0
Improve it
More
Collect to Blossary

Other Languages:

More

Member comments

You have to log in to post to discussions.

Related terms

top lease
Oil & gas; Oilfield

An oil and gas lease wherein the bonus consideration is paid at the signing of the lease. However, this lease becomes effective only after the expiration or termination of an ...

top lease
Mining; General mining; Mineral mining

A lease granted by a landowner during existence of a recorded mineral lease that is to become effective if and when the existing lease expires or is terminated.

top lease
Oil & gas; Oilfield

A separate lease to a shallower part of the strata.

lease
Accounting; Auditing

Written or implied contract by which an owner (the lessor) of a specific asset (such as a parcel of land, building, equipment, or machinery) grants a second party (the lessee) the ...

lease
Law; General law

A form of contract, whereby the owner of a property allows another to possess and use the same for a limited period of time, subject to certain conditions, in exchange of rent or ...

lease
Automotive; Automobile

A contract between lessor and lessee for a specified time period and at a specified payment. The title to the car remains in the name of the lessor as owner of the asset.

rental payment
Oil & gas; Oilfield

An annual payment made by an oil company to a State in order to retain rights in a particular concession.

sampling
Oil & gas; Oilfield

The process of obtaining a small quantity of material which is as representative as possible of the total volume.

possible reserves
Oil & gas; Oilfield

Undeveloped oil and/or gas reserves which best engineering judgement indicates might eventually be recoverable from undrilled or untested structures.

pinch-out trap
Oil & gas; Oilfield

A trap where a bed or reservoir rock gets progressively thinner as it nears an impervious area and eventually disappears.

geosyncline
Oil & gas; Oilfield

A large sedimentary basin in which extremely deep layers of sediments have accumulated over a long period of time.

gravimetric survey
Oil & gas; Oilfield

A geological survey method in which measurements of the variations in the surface gravitational field are used to determine the nature of the underlying rocks.

Terms in the News

Featured Terms

Sysop02
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Entertainment Category: Video

Auto-pan

A feature exclusive to AVC series switchers causing a positioned pattern to centre itself as it grows in size.

Contributor

Featured blossaries

Badminton; Know your sport

Category: Sports   1 23 Terms

Tallest Skyscrapers

Category: Science   3 24 Terms

Browers Terms By Category

TERMS

SOCIAL

EXTRAS

SOLUTIONS