District of Columbia Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease

State:
Multi-State
Control #:
US-OG-100
Format:
Word; 
Rich Text
Instant download

Description

If a lessor has retained the right to use gas, this form provides for the transfer of this right to the surface owner of the lands covered by the oil and gas lease granted by the lessor.

How to fill out Conveyance Of Right To Make Free Use Of Gas Provided For In An Oil And Gas Lease?

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FAQ

The covenant for quiet enjoyment is a covenant that the tenant's lawful possession of the land will not be substantially interfered with by the acts of the landlord and in this regard shares the same purpose and test as the covenant of non-derogation of grant.

An example of this would be how an implied covenant can be associated with the following matters: Good faith in an employment setting; Marketable title to real estate, meaning no major defects with the title; The condition of habitability of a residential home, meaning that the home is suitable to live in; and.

Implied Covenant to Develop the Lease: This implied covenant requires the Lessee to protect against drainage and typically arises when a neighbor's land is drilled and that lease could be draining oil out from under the leased land.

An ?unless? clause provides that the lease terminates unless the lessee has either made the required payments or commenced drilling operations. Lessees can therefore be terminated from the lease by failure to pay the proper amount, by the due date, in the proper form, to the proper party.

Lessors have been awarded damages, cancellation, partial cancella- tion, alternative decrees, which require the lessee to drill or forfeit the lease, and combinations of these for breach of the implied covenants.

In property law, the covenant of quiet enjoyment is an implied term in every lease that the tenant shall have quiet and peaceful possession of the leased premises against the lessor. The covenant ensures that the landlord is bound to refrain from action which interrupts the tenant's beneficial enjoyment.

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.

What is the granting clause? The granting clause is the clause under which the owner of the oil and gas rights leases the oil and gas rights to the oil and gas company along with the right to develop the oil and gas on a specifically described piece of real estate.

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District of Columbia Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease