Hawaii Amendment to Oil and Gas Lease to Correct Land Description

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Multi-State
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US-OG-083
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Description

If the description of lands contained in a lease is incorrect, rather than entering into a new lease, the existing lease may be amended, with the amendment providing the correct description of lands the lessor and lessee intended to be covered by the lease. This form addresses that situation.

Hawaii Amendment to Oil and Gas Lease to Correct Land Description is a legal document that serves to rectify any errors or inaccuracies in the land description section of an existing oil and gas lease agreement in Hawaii. This amendment is crucial to ensure clarity and accuracy in identifying the specific tracts or parcels of land involved in the lease, which play a significant role in the extraction and exploration of oil and gas resources. Keywords: Hawaii, Amendment, Oil and Gas Lease, Correct, Land Description. Types of Hawaii Amendment to Oil and Gas Lease to Correct Land Description: 1. Corrective Amendment: This type of amendment is used when there is a simple error or omission in the land description section of the original lease. It specifies the incorrect information and provides the accurate details to be substituted. 2. Boundary Amendment: When there is a need to update the boundary lines of the leased area due to changes in land ownership or surveys, a boundary amendment is required. It indicates the revised boundary description, ensuring that the correct tracts of land are covered by the lease. 3. Parcel Identification Amendment: In cases where the original lease fails to identify specific parcels of land or includes incorrect parcel numbers, a parcel identification amendment is necessary. It defines the correct parcel details or corrects any errors pertaining to the identification of the land involved. 4. Survey Amendment: This type of amendment is utilized when the land description in the original lease requires adjustment based on a new survey conducted. It includes the revised survey details, such as updated metes and bounds, acreage, coordinates, or other survey measurements. 5. Geographic Reference Amendment: When the original lease refers to the land description based on certain geographical features or landmarks that have changed over time, a geographic reference amendment is executed. It updates the reference points or descriptions to accurately identify the leased land. In conclusion, the Hawaii Amendment to Oil and Gas Lease to Correct Land Description is a vital legal document that rectifies errors or updates the land description section in an existing lease agreement. By utilizing various types of amendments like corrective, boundary, parcel identification, survey, or geographic reference amendments, the lease can accurately reflect the specific tracts of land involved, ensuring proper utilization of oil and gas resources.

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FAQ

Negotiating an oil and gas lease will require some research upfront. If you're a landowner interested in working with an oil and gas company, you should explore their history and experience. You'll want to work with a reputable company that works in your best interests, holds a high standard, and maintains insurance.

A clause in an oil & gas lease that provides that if the leased land is later owned by separate parties, such as in a sale of part of the property, the lessee can continue to operate, develop, and treat the lease as a whole and pay royalties to each owner based on its percentage of ownership of the entire area.

1. n. [Oil and Gas Business] The period of time during which an oil and gas lease will be in effect, in the absence of production, drilling or other operations specified by the lease.

In a few words, a pooling clause is written into a lease. This oil and gas clause allows the leased premises to be combined with other lands to form a single drilling unit. It's not uncommon for there to be a pool of oil or gas under numerous parcels of land.

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.

In oil and gas leases, the habendum clause defines the primary term and secondary term of the lease, dictating how long the lease is in force. When used in the context of oil and gas leases, the focus of the habendum clause is on the "and so long thereafter" portion that extends the lease if conditions are met.

A Pugh Clause is enforced to ensure that a lessee can be prevented from declaring all lands under an oil and gas lease as being held by production. This remains true even when production only takes place on a fraction of the property.

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.

More info

If the description of lands contained in a lease is incorrect, rather than entering into a new lease, the existing lease may be amended, with the amendment ... Make confident the document meets all the necessary state requirements. · If available preview it and read the description before buying it. · Press Buy Now.The best way to change Amendment to Oil and Gas Lease to Amend Land Description in Oil and Gas Lease to Create Separate Oil and Gas Leases online. Form edit ... File an amended return on Form G-45 to change the Form G-45 you already filed. To designate that the form is an amended return, darken the oval at the top of ... LEASE OF REAL PROPERTY FOR MAINTENANCE PURPOSES. THIS LEASE AGREEMENT made this day of. , 20 4 , by and between the COUNTY OF MAUI, a. May 27, 2016 — Approval of (1) Amendment to Sublease made by and between the Board of Land and Natural Resources on Behalf of the Department of Accounting ... NOW THEREFORE, for adequate consideration, Lessor agrees with Current Lessee that the legal description of the Lands contained in, and covered by the Lease and ... The BLM should evaluate operational adjustments to its leasing program that will avoid nomination or leasing of low potential lands and instead focus on areas ... Nov 1, 1983 — But tne effect of granting a drilling permit on private land without reserving the ownership question or issuing a lease impliedly creates a ... A copy of the amendment of the Articles of Incorporation if available. • Effective October 4, 2021, file a $235 nonrefundable filing fee with each name change ...

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Hawaii Amendment to Oil and Gas Lease to Correct Land Description