Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE46 MINES AND MINERALS |
CHAPTER522. Oil and Gas |
GENERAL PROVISIONS |
NRS522.021. “Correlative rights” defined.
Latest version.
- “Correlative rights” means the opportunity afforded, so far as it is practicable to do so, to the owner of each property in a pool to produce without waste the owner’s just and equitable share of the oil or gas, or both, in the pool and for this purpose to use the owner’s just and equitable share of the reservoir’s energy.
(Added to NRS by 1983, 2070)