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Get Appendix D: Sample Competitive Oil And Gas Lease - Division Of Oil ... - Dog Dnr Alaska
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How to use or fill out the Appendix D: Sample Competitive Oil And Gas Lease - Division Of Oil ... - Dog Dnr Alaska online
Filling out the Appendix D: Sample Competitive Oil And Gas Lease form from the Division of Oil and Gas in Alaska requires careful attention to detail. This guide aims to provide clear and supportive instructions to help users complete this document correctly online.
Follow the steps to successfully complete the form.
- Click ‘Get Form’ button to obtain the form and open it in the document editor.
- Begin by entering the ADL number in the designated field along with the name of the lessee. Ensure that the address for notification is accurate as specified in Paragraph 25.
- Fill out Section 1 labeled 'GRANT'. Specify the exact acreage of the leased area. Include any existing legal subdivisions and mark them on the attached Exhibit A.
- In Section 2, Address 'RESERVED RIGHTS', providing any additional rights that are not granted to the lessee specifically under this lease.
- Complete Section 3 which outlines the term of the lease, confirming the initial term of 7 years and conditions for extensions.
- Fill out Section 5 regarding rental amounts for each year, ensuring to follow the specified payment schedule.
- In Section 6, ensure that you outline records management, including development and production records, and indicate that they will be available for inspection.
- Provide details in Section 9 for the 'PLAN OF OPERATIONS' which includes the sequence and schedule of operations, use requirements, and plans for rehabilitation.
- Fill in any additional sections as applicable, addressing the requirements outlined for payments, inspections, and other operational considerations.
- Once all fields are completed, review the entire document for accuracy and compliance with all sections.
- Finalize the form by saving your changes, and if needed, download or print the completed lease for your records.
Complete your competitive oil and gas lease document online today!
The expiration of a lease marks the end of the lessee's right to extract oil and gas from the leased property. This can lead to a complete halt in production activities, as the lessee is no longer legally permitted to continue extracting resources from the land.
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