Arkansas Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease

State:
Multi-State
Control #:
US-OG-648
Format:
Word; 
Rich Text
Instant download

Description

This form is used as Notice of provisions for a lease.

How to fill out Notice And Declaration Of Gas Storage Provided For In Oil And Gas Lease?

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FAQ

The rule followed is generally known as the Strohacker Doctrine, named for the case of Missouri Pacific Railroad Co. v. Strohacker,s in which the Arkansas Supreme Court affirmed a chan- cery court decision that reservations of "coal and mineral deposits" in 1892 and 1893 deeds did not reserve the oil and gas.

The amount that a spouse gets under dower and curtesy depends on whether they have children. The surviving spouse is entitled to one third of the dead spouse's real property. If there are no children, the surviving spouse is entitled to half.

An assignment of oil and gas lease is a contractual agreement between a landowner and an oil or gas company in which the company gains the right to explore for, develop, and produce oil and gas from the property.

In the State of Arkansas when a person sells a piece of property the mineral rights automatically transfer with the surface rights, unless otherwise stated in the deed.

The Arkansas Oil and Gas Commission (OGC) prevents waste and encourages conservation of the Arkansas oil, natural gas, and brine resources, to protect the correlative rights associated with those resources, and to respect the environment during the production, extraction, and transportation of those resources.

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Arkansas Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease