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Current as of January 01, 2025 | Updated by Findlaw Staff
“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.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 46. Mines, Minerals, Oil and Gas § 522.021. “Correlative rights” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-46-mines-minerals-oil-and-gas/nv-rev-st-522-021/
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