POSC Specifications Version 3.0 |
Epicentre Standard Values ref_business_assoc_earth_ftr |
identifier | description | source _reference | source | version | status |
---|---|---|---|---|---|
ref _version .identifier | |||||
lessee | The person entitled under an oil and gas lease to drill and operate wells, paying the lessor a royalty and retaining the remainder. | Manual of O and G Terms | POSC | epicentre 2.1 | current |
lessor | The owner of mineral rights who has executed a leasse. He is normally entitled to the payment of a royalty. | Manual of O and G Terms | POSC | epicentre 2.1 | current |
owner | A person, group of people, corporations, etc., that has monetary rights and interest in any aspect of mineral exploration, development, or production. | PIDD | POSC | epicentre 2.1 | current |
resident | A person, group of people, corporation, etc., that is actively living, working, or otherwise residing on a property, as evidenced by buildings or other structures whose primary purpose is not in support of the oil and gas operations on the land. | POSC | epicentre 2.1 | current | |
administrator | A person, group of people, corporation, etc., who handle the affairs for the owner of the land. | POSC | epicentre 2.1 | current | |
applicant | Under the vacancy laws of Texas, any person, other than a good faith claimant, who discovers and files application to purchase a lease or a vacancy. | Manual of O and G Terms | POSC | epicentre 2.1 | current |