§ 77-3-401 Oil and gas leases authorized
§ 77-3-402 Rules
§ 77-3-403 Hearings on questions related to leases
§ 77-3-404 Limitation on area under single lease
§ 77-3-405 Leased lands to be generally compact and contiguous
§ 77-3-406 Number of leases which one person may hold
§ 77-3-407 New leases on lands leased prior to February 28, 1953
§ 77-3-408 Certain state officers not to be interested in leases
§ 77-3-409 Misconduct of officers in relation to oil and gas leases
§ 77-3-410 False statements relating to oil and gas leases
§ 77-3-411 Notice of lease sale required
§ 77-3-421 Duration of lease
§ 77-3-422 Lease extension clause
§ 77-3-423 Annual rental
§ 77-3-424 Power to terminate lease in absence of commencement of drilling or payment of delay drilling penalty
§ 77-3-425 Dry hole clause
§ 77-3-426 Lessee to prevent waste
§ 77-3-427 Provision for offset wells — compensatory royalties
§ 77-3-428 Additional development following completion of productive well
§ 77-3-429 Operating agreements
§ 77-3-430 Pooling agreements and unit operations
§ 77-3-431 Report of lessees
§ 77-3-432 Royalty
§ 77-3-433 Shut-in gas royalty
§ 77-3-434 Manner of making royalty payment
§ 77-3-435 Payments due to state — audit — notice — action
§ 77-3-436 Disposition of royalties and other money
§ 77-3-437 Amendment of existing leases
§ 77-3-438 Assignments of leases
§ 77-3-439 Surrender of leases
§ 77-3-440 Forfeiture and cancellation of leases
§ 77-3-441 Restriction on new lease following termination of old lease
§ 77-3-442 Disposition of property of lessee upon termination of lease
§ 77-3-443 Reservation in lease for disposition of surface
§ 77-3-444 Limitation on overriding royalties and payments out of production
§ 77-3-451 Limitation on public inspection rights
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Terms Used In Montana Code > Title 77 > Chapter 3 > Part 4 - Oil and Gas

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appraisal: A determination of property value.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Knowingly: means only a knowledge that the facts exist which bring the act or omission within the provisions of this code. See Montana Code 1-1-204
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Property: means real and personal property. See Montana Code 1-1-205
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
  • United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Willfully: when applied to the intent with which an act is done or omitted, means a purpose or willingness to commit the act or make the omission referred to. See Montana Code 1-1-204
  • Writing: includes printing. See Montana Code 1-1-203