This oil, gas, and minerals document is a report form documenting information of sellers and purchasers that enter into a legally binding obligation to sell and purchase real property at the expiration of or during a lease term. In a lease purchase agreement, a party agrees to purchase a particular piece of real property within a certain timeframe, usually at a price determined beforehand.
Alaska Lease Purchase Report
Category:
State:
Multi-State
Control #:
US-OG-641
Format:
Word;
Rich Text
Instant download
Description
How to fill out Lease Purchase Report?
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FAQ
The State of Alaska's Land Auctions allow Alaska residents to bid on parcels of State land that have been surveyed and appraised.
While royalties on oil and gas produced from state territory generally hover between 12.5% and 16.67%, state law gives the commissioner of the Department of Natural Resources the authority to vary those terms if doing so is deemed in the state's best interest.
Homesteading has not been legal on federally managed lands in Alaska since Oct. 21, 1986, although it was legal for 88 years before that. Congress passed the original homestead law in 1862 to provide small farms to anyone over age 21, the head of a family, or to immigrants willing to become citizens.
The Department of Natural Resource's (DNR) mission is to develop, conserve, and enhance natural resources for present and future Alaskans. ADF&G works with multiple divisions at DNR during the review of land use plans and activities, as described below.
The process differs for a competitive lease, please contact your local regional land office: 1 Application submitted with application fee. ... 2 Application reviewed for completeness. ... 3 Agency Review. ... 4 Preliminary Decision (PD) Issued. ... 5 Public Notice. ... 6 Final Finding and Decision (FFD) Issued. ... 7 EA issued if required.
