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Simple English definitions for legal terms

capture-and-hold rule

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A quick definition of capture-and-hold rule:

The capture-and-hold rule is a way of determining when oil or gas production occurs for royalty-calculation purposes. It means that production happens when oil or gas is pumped to the surface and stored, whether at the wellhead or somewhere else on the leased property. This is different from the marketable-product rule, which calculates production based on when the oil or gas is sold on the market.

A more thorough explanation:

The capture-and-hold rule is a doctrine used in the oil and gas industry to determine when production occurs for royalty-calculation purposes. According to this rule, production happens when oil or gas is extracted from the ground and stored, whether it is stored at the wellhead or elsewhere on the leased property.

For example, if an oil company extracts oil from a well and stores it in a tank on the leased property, the production is considered to have occurred under the capture-and-hold rule. Similarly, if natural gas is extracted and stored in a pipeline on the leased property, it is also considered production under this rule.

The capture-and-hold rule is different from the marketable-product rule, which considers production to occur only when the oil or gas is sold or otherwise transferred to a third party. The capture-and-hold rule is used to determine royalty payments to the landowner, while the marketable-product rule is used to determine when the oil or gas company must pay taxes on the extracted resources.

capture | caput

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im like bruh how do i control what dk says
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^^
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yooo horny man dkk
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i think it was when him and shaq got into it
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I thought dkk was the doxxer
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I'm so loosely aware of this years lsd drama
no, it was another guy who doesnt talk in here at all
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thats wild
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omg do u think he's watching rn
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or she
his name is jason and i think he got scared bc someone else here has done a lot of work to reverse dox him
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interestinf
12:12
bruce sutter is ur name bruce sutter
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ommg my first dox
12:12
idk google it
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frick
12:14
a lot of super splitter names and puns have been used over the years
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He was one of the sport's dominant relievers in the late 1970s and early 1980s, making effective use of the split-finger fastball.
12:15
most dominant reliever w the split finger fast ball lets go bruce sutter!!
12:16
He also played for Cubs, where I'm from, the Cardinals, Wash U dream school, and retired to Georgia, where I live
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awe ok wholesome
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And died the day before I took my first LSAT, although I didn't know that when I picked the name
12:18
actually two days before
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scratch that again, one day
rip Bruce Sutter
NosyBeagle
12:32
lol doxxers giving me my address like i forgot it
he also provided an instagram for me that... was not my instagram
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