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Ethics is knowing the difference between what you have a right to do and what is right to do.
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Legal Definitions - farminee
If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.
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Definition of farminee
FARMINEE
A farminee is a sublessee in the oil and gas industry who is assigned a lease for the purpose of drilling a well. It is also known as a farmee or farmoutee.
Example 1: XYZ Oil Company leases a piece of land for oil and gas exploration. They then assign the lease to ABC Drilling Company, who will be responsible for drilling the well. ABC Drilling Company is the farminee in this scenario.
Example 2: John owns a small oil and gas company and wants to expand his operations. He decides to become a farminee and takes on a lease from a larger company to drill a well on their land.
These examples illustrate how a farminee is a sublessee who is assigned a lease for the purpose of drilling a well. In both examples, the farminee is responsible for the drilling process and any associated costs.
The end of law is not to abolish or restrain, but to preserve and enlarge freedom.
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Simple Definition
Term: FARMINEE
Definition: A farminee is a person or company that is given a lease to drill for oil and gas on a piece of land. They are responsible for drilling a well and extracting the resources from the land. It is also known as a farmee or farmoutee.
Law school: Where you spend three years learning to think like a lawyer, then a lifetime trying to think like a human again.
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