identifier |
description |
source _reference |
source |
version |
status |
|
|
|
|
ref _version .identifier |
|
client |
A person or organization who receives a service from another or for whom another is acting. |
Websters |
POSC |
epicentre 2.1 |
current |
servitor |
A person or organization who provides a service to another. |
Websters |
POSC |
epicentre 2.1 |
current |
seller |
A person or organization who is selling goods, information, equipment, property, etc. |
Websters |
POSC |
epicentre 2.1 |
current |
buyer |
A person or organization who is purchasing goods, information, equipment, property, etc. |
Websters |
POSC |
epicentre 2.1 |
current |
lessor |
The owner of mineral rights who has executed a lease. |
Manual of O and G Terms |
POSC |
epicentre 2.1 |
current |
lessee |
The person entitled under an oil and gas lease to drill and operate wells. |
Manual of O and G Terms |
POSC |
epicentre 2.1 |
current |
licensee |
A person or organization to whom a license is granted. A license gives certain rights to explore and produce in a given area (also called a concession). Rights are usually granted by a regulatory body. |
Manual of O and G Terms |
POSC |
epicentre 2.1 |
current |
licensor |
A person or organization who has authority to grant licenses. A license gives certain rights to explore and produce in a given area (also called a concession). Rights are usually granted by a regulatory body. |
Manual of O and G Terms |
POSC |
epicentre 2.1 |
current |
assignee |
The recipient of an interest in property or a contract. In oil and gas law, the term commonly means, but is not limited to, the transferee of an oil and gas lease. |
Manual of O and G Terms |
POSC |
epicentre 2.1 |
current |
grantor |
A person or organization who agrees to give property or an exclusive right or power. |
Websters |
POSC |
epicentre 2.1 |
current |
grantee |
A person or organization who is to receive property or an exclusive right or power. |
Websters |
POSC |
epicentre 2.1 |
current |
agent |
A person or organization empowered to act for another. |
Websters |
POSC |
epicentre 2.1 |
current |
broker |
A person or organization who acts as an intermediary in negotiating transactions. |
Websters |
POSC |
epicentre 2.1 |
current |
attorney |
A person or organization legally empowered to act as an agent for, or in behalf of another. |
Websters |
POSC |
epicentre 2.1 |
current |
attorney-in-fact |
A person who is appointed by a person or organization, with authority to act for the other in matters specified in the terms of the appointment. |
|
POSC |
epicentre 2.1 |
current |
lien-holder |
A person or organization who holds a claim on the property of another as security for the payment of a debt. |
Websters |
POSC |
epicentre 2.1 |
current |
financier |
A person or organization who supplies money, credit, or capital to or for another. |
Websters |
POSC |
epicentre 2.1 |
current |
farmor |
A person or organization who has made a transfer of interest in a lease via a farm-out agreement: an agreement whereby a lease owner not desirous of drilling at the time agrees to assign the lease, or some portion of it, to another operator who is desirous of drilling the tract. |
Manual of O and G Terms |
POSC |
epicentre 2.1 |
current |
farmee |
A person or organization to whom a transfer of interest in a lease has been made via a farm-out agreement: an agreement whereby a lease owner not desirous of drilling at the time agrees to assign the lease, or some portion of it, to another operator who is desirous of drilling the tract. |
Manual of O and G Terms |
POSC |
epicentre 2.1 |
current |
identifier |
description |
source _reference |
source |
version |
status |
operator |
A person or organization engaged in the business of drilling wells for oil and gas or producing said products. |
Manual of O and G Terms |
POSC |
epicentre 2.1 |
current |
mineral interest holder |
A person or organization that holds, solely or with others, the right to explore, drill, produce and otherwise carry on mineral exploration on a particular tract of land, sharing in the cost and benefit of this activity. |
Manual of O and G Terms |
POSC |
epicentre 2.1 |
current |
royalty interest holder |
A person or organization that holds the right to benefit from the results of any mineral exploration on a particular tract, without sharing in the cost of said activity. |
Manual of O and G Terms |
POSC |
epicentre 2.1 |
current |
consultant |
A person or organization who provides a specialized expertise or technical capability in support of the client's business activities. |
|
POSC |
epicentre 2.1 |
current |
regulator |
A person or organization with responsibility for regulating a particular segment of business activities or public policy. |
|
POSC |
epicentre 2.1 |
current |