Rights/Dispositions: What is a land sale?
• A land sale is the transfer of oil and gas rights to companies through a disposition process. • “Disposition” is the legally correct term. • Land sale, while misleading in its connotation, is commonly and normally used to describe the process. In fact, no land is sold through the disposition process. Only rights to the oil and gas resources as specified in the Oil and Gas Act 1.5 MB and its regulations are transferred to the private sector for a limited period of time. What is the oil and gas disposition process? The oil and gas disposition process includes a referral process where a nominated area is reviewed for environmental, socio-economic and surface access concerns. (Further to this, most proposed activites requiring a license must undergo a development assessment under YESAA. Are dispositions given out in places with unsettled land claims? No. The Yukon Government does not hold oil & gas rights issuances in areas where First Nations land claims have not been settled. Who owns
