POSC Specifications
Version 3.0
Epicentre Standard Values
ref_business_assoc_earth_ftr

ref_business_assoc_earth_ftr

Standard Instance Values

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

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