# Oil Rights

**IRI:** https://folio.openlegalstandard.org/RCRdGhCbWvSVjIhz7sM0FzY

## Labels

## Definition

These rights pertain to the ownership and control of oil reserves located beneath a specific parcel of land. The owner of these rights can extract the oil or lease, sell, or transfer these rights to another party.

## Sub Class Of

- https://folio.openlegalstandard.org/R9jGsr6LEcgGQxDRMlckOMm

**Deprecated:** False