Or gas or any other substance covered hereby but such well is either shut-in or production therefrom is not being sold or purchased by Lessee or royalties on production therefrom are not otherwise being paid to Lessor, and if this lease is not otherwise maintained in effect, such well shall nevertheless be considered as though it were producing for the purpose of maintaining this lease whether, during or after the primary term, and Lessee shall tender a shut-in payment of One Dollar per acre the.
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How to fill out the TX AAPL 659-85 online
Filling out the TX AAPL 659-85 form is a crucial step for managing oil, gas, and mineral leases in Texas. This guide provides clear and concise instructions for completing the form online, ensuring that users of all experience levels can navigate the process with confidence.
Follow the steps to successfully complete the TX AAPL 659-85 form online.
- Press the ‘Get Form’ button to access the TX AAPL 659-85 form and open it in your editor.
- In the first section, fill in the date and the information for the Lessor and Lessee. This includes names and addresses. Make sure to provide accurate and complete information.
- In the 'Leased Premises' section, input the county in Texas where the land is located, along with the total acres being leased. Ensure that these details reflect the accurate measurement of the land.
- Specify the term of the lease by stating the number of years it will last, starting from the date of agreement, and clarify the conditions under which it will continue.
- In the 'Royalty Payment' section, detail the payment structure. Make sure to specify percentages clearly for oil, gas, and any other substances covered.
- Complete the 'Pooling' section, if applicable, indicating any rights for combining the leased premises with other lands or interests.
- If there are any operations planned, detail them in the 'Operations' section, including provisions for if a well is deemed a dry hole.
- Fill out sections that pertain to ownership changes, breach/default terms, and title warranty. Ensure all detailed information aligns with legal requirements.
- Finalize the document with signatures and notarization details as required. Check that each party involved has appropriately signed.
- Save changes to the form, and utilize the options to download, print, or share it as needed.
Complete your TX AAPL 659-85 form online today for efficient document management.
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