§ 562. Subdivision of land subject to an oil and gas lease
Unless the parties agree in writing to the contrary, if ownership of any land subject to an oil and gas lease is thereafter subdivided into separate interests, the land shall be developed and operated for oil and gas purposes as an entirety and the rentals and royalties shall be divided and paid to the separate owners in the proportion that the acreage or interest owned bears to the entire leased acreage. (Added 1981, No. 240 (Adj. Sess.), § 2, eff. April 28, 1982.)
Structure Vermont Statutes
Title 29 - Public Property and Supplies
Chapter 14 - Natural Gas and Oil Conservation
§ 504. Composition of the Board
§ 511. Hearings conducted by examiners
§ 512. Hearings conducted by the Board
§ 516. Governmental cooperation
§ 517. Standards for rulemaking
§ 524. Antitrust immunity for voluntary units
§ 531. Management of State oil and gas resources
§ 532. State oil and gas leases authorized
§ 533. Notice of intention to lease State lands
§ 534. Gas produced from State lands
§ 535. State reservation of oil, gas, and minerals
§ 543. Reports of oil and gas operations
§ 545. Conveyance and acquisition of oil and gas interests
§ 551. Illegal oil, gas, and product
§ 552. Illegal oil, gas, or product declared contraband
§ 553. Disclosure of confidential information prohibited
§ 561. Release of oil and gas leases
§ 562. Subdivision of land subject to an oil and gas lease
§ 563. Abandonment of oil and gas interests; preservation
§ 564. Surface use value appraisal of agriculture and forestlands