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Priority Of Operator's Liens.

Publication: Mondaq Business Briefing
Publication Date: 04-OCT-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
A common contractual lien found in the oil and gas industry is the "Operator's Lien". Operator's Liens are explicitly created pursuant to s. 505 of the 1990 CAPL Operating Procedure (the "Operating Procedure"). The "Operator's Lien" created by the Operating Procedure provides that the operator will have "a lien and charge, which is first and prior to any other lien, charge, mortgage or other security interest, with respect to the interest of each Joint-Operator in the joint lands, the wells and equipment thereon, the petroleum substances produced therefrom and any production facilities".

Operator's Liens Charging Personal Property

As was the case...

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