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Get Oil And Gas Lease Paid-up Non-surface Occupancy Lease
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How to fill out the oil and gas lease paid-up non-surface occupancy lease online
Filling out an oil and gas lease paid-up non-surface occupancy lease can seem daunting. This guide aims to simplify the process by providing clear, step-by-step instructions to help users complete the form accurately and efficiently.
Follow the steps to complete the online form effectively.
- Click the ‘Get Form’ button to access the oil and gas lease form and open it in the editor.
- Begin by entering the date at the top of the form that marks when the lease is made. This typically includes the day, month, and year.
- Input the names and addresses of the parties involved — the Lessor and the Lessee. Ensure the spelling is correct to avoid any issues later.
- Fill out the granting clause section, including consideration details such as the sum being paid by the Lessee.
- Describe the leased lands accurately, including the township, county, and any tax parcel numbers. Attach any required exhibits for clarity.
- Specify the term of lease by indicating the original term and any provisions for extensions.
- Ensure the paid-up lease details section is filled out, noting that this lease does not require annual delay rentals.
- Complete the royalty payments section, ensuring the correct percentages are entered as specified in the document.
- Fill out the address for payments section, providing accurate details for where payments should be sent.
- Review the sections on cessation of operations, shut-in provisions, and any other relevant terms.
- Conclude by signing the lease for both parties, ensuring that each signature line is properly filled out.
- Once finalized, save the changes, and download the form for your records. You can then print or share the lease as needed.
Start the process of completing your oil and gas lease online today!
In summary, during the primary term of a usual oil and gas lease, failure to pay shut-in royalty will not in itself cause an oil and gas lease to terminate. At most, the lessee may possibly be personally liable for such payments, depending upon the wording of the lease in question.
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