District of Columbia Stipulation Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-622
• Format: Word; Rich Text

Description

This form is used when the parties own nonparticipating royalty interests in various tracts of land. The Lease covers all of the lands owned by the parties. To resolve any question as to how royalty is to be paid to the parties in the event of production, under the lease, on any part of the lands, the parties are entering into this Stipulation to stipulate and agree to the ownership of each party's respective share of the royalty reserved in the lease.

The District of Columbia Stipulation Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease is a legal provision that outlines the payment structure for nonparticipating royalties in a specific area. This stipulation applies to situations where multiple tracts of land are covered by a single oil and gas lease agreement. Under this stipulation, the royalties generated from the extraction and production of oil and gas in the segregated tracts are distributed among the nonparticipating individuals or parties who own royalty interests in those tracts. The payment structure ensures that these nonparticipating royalty owners receive their fair share of the proceeds from oil and gas operations. The District of Columbia Stipulation Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease also establishes the mechanisms and procedures for calculating, distributing, and reporting these nonparticipating royalties. It ensures transparency and accountability in the distribution of payments. To further differentiate and categorize the various types of District of Columbia Stipulations Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease, they can be named based on specific characteristics and considerations. Some potential types could include: 1. District of Columbia Stipulation Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease — Standard: This type sets out the standard procedures and methods for calculating and distributing nonparticipating royalties across segregated tracts covered by an oil and gas lease. 2. District of Columbia Stipulation Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease — Alternative Payment Structure: This type offers an alternative payment structure for nonparticipating royalties, allowing for customized distribution plans based on specific circumstances or agreements. 3. District of Columbia Stipulation Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease — Reporting Requirements: This type focuses on the reporting obligations of the parties involved, ensuring consistent and accurate reports regarding nonparticipating royalties. 4. District of Columbia Stipulation Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease — Dispute Resolution: This type includes dispute resolution mechanisms and procedures to address disagreements regarding the calculation or distribution of nonparticipating royalties. By naming and categorizing these different types, it becomes easier for parties involved in oil and gas lease agreements to find the specific stipulation that aligns with their needs and circumstances.