Terms Used In Oregon Statutes > Chapter 520 - Conservation of Gas and Oil

• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Condensate: means liquid hydrocarbons that were originally in the gaseous phase in the reservoir. See Oregon Statutes 520.005
• 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}
• Fiduciary: A trustee, executor, or administrator.
• Field: means the general area underlaid by one or more pools. See Oregon Statutes 520.005
• Gas: means all natural gas and all other fluid hydrocarbons not defined as oil in subsection (5) of this section, including condensate originally in the gaseous phase in the reservoir. See Oregon Statutes 520.005
• Impeachment: (1) The process of calling something into question, as in "impeaching the testimony of a witness." (2) The constitutional process whereby the House of Representatives may "impeach" (accuse of misconduct) high officers of the federal government for trial in the Senate.
• Information hole: means a hole drilled for information purposes only, including but not limited to core holes, stratigraphic holes or other test holes. See Oregon Statutes 520.005
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Oil: means crude petroleum oil and all other hydrocarbons, regardless of gravity, that are produced in liquid form by ordinary production methods, but does not include liquid hydrocarbons that were originally in a gaseous phase in the reservoir. See Oregon Statutes 520.005
• Owner: means a person who has the right to drill into and to produce from any pool and to appropriate the oil or gas produced therefrom either for others, for the person or for the person and others. See Oregon Statutes 520.005
• Person: means any natural person, partnership, corporation, association, receiver, guardian, fiduciary, administrator, representative of any kind, or the State of Oregon and any public body as defined in ORS § 174. See Oregon Statutes 520.005
• Plaintiff: The person who files the complaint in a civil lawsuit.
• Pool: means an underground reservoir containing a common accumulation of oil and natural gas. See Oregon Statutes 520.005
• Protect correlative rights: means that the action or regulation by the board affords a reasonable opportunity to each person entitled thereto to recover or receive the oil or gas in the tract or tracts of the person or the equivalent thereof, without being required to drill unnecessary wells or to incur other unnecessary expense to recover or receive such oil or gas or its equivalent. See Oregon Statutes 520.005
• Seismic program: means the collection of seismic exploration data through a continuous field operation. See Oregon Statutes 520.005
• Testify: Answer questions in court.
• Underground reservoir: means any subsurface sand, strata, formation, aquifer, cavern or void whether natural or artificially created, suitable for the injection and storage of natural gas therein and the withdrawal of natural gas therefrom, but excluding a pool. See Oregon Statutes 520.005
• Underground storage: means the process of injecting and storing natural gas within and withdrawing natural gas from an underground reservoir. See Oregon Statutes 520.005
• Unit area: means one or more pools or parts thereof under unit operation pursuant to ORS § 520. See Oregon Statutes 520.005
• Well: includes a well drilled in search of a new or undiscovered pool, or with the intent of extending the limits of a developed pool. See Oregon Statutes 520.005