MLchartDataset catalogue

Top lease

Term · Oil and gas · MLC-T-OAG-003867

A new oil and gas lease that becomes effective only after an existing, underlying lease expires or is terminated. This type of lease is acquired by a lessee who anticipates the termination of a current lease, allowing them to secure future drilling rights. Top leases are recorded in the public records but remain dormant until the primary lease is no longer in force.

Table 1. Record
IdentifierMLC-T-OAG-003867
FieldOil and gas
SubjectOil and Gas Business
Record as JSON 
{
  "id": "MLC-T-OAG-003867",
  "term": "Top lease",
  "field": "Oil and gas",
  "definition": "A new oil and gas lease that becomes effective only after an existing, underlying lease expires or is terminated. This type of lease is acquired by a lessee who anticipates the termination of a current lease, allowing them to secure future drilling rights. Top leases are recorded in the public records but remain dormant until the primary lease is no longer in force.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/top-lease/"
}

Record 4,104 of 4,469 in Oil and gas terminology (MLC-0103). Request the full dataset.