Glossary

 

    abstract - history of a piece of property from beginning to end, including any incident affecting the property.
    abstracting - extracting records for a particular tract of land to establish ownership
    fugatious
      minerals -
minerals that move towards reduced pressure
    landman - makes contact with land and mineral owners to negotiate leases, contacts abstracters to establish ownership in order to finalize lease negotiation
    patent - first sale out of sovereign state or federal government
    scout - examines the activities of other oil companies

 

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