Note:
Ralph A. Midkiff, Phase Severance of Gas Rights from Oil
Rights, 63 Texas L. Rev. 133 (2000).
Abstract:
This note observes that, surprisingly, there is not a
well-settled legal definition of the terms “oil” and “gas”. This
creates legal difficulties when contracts bestow ownership of
oil and gas interests on different parties without specifying
what is meant by “oil” and “gas”. Ralph Midkiff reviews several
major kinds of disputes that can arise when oil and gas rights
are assigned to different parties, and argues that existing
statutory and common law is inadequate to deal with these
disagreements. Midkiff then proposes that these disagreements
could be usefully resolved by adopting a presumption that would
indicate how to construe language that bestows oil and gas
rights when those terms are not defined in the agreement itself.