Kansas Amendment to Oil and Gas Lease to Correct Land Description

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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.

Kansas Amendment to Oil and Gas Lease to Correct Land Description is a legal document used in the state of Kansas to modify an existing oil and gas lease agreement to accurately describe the land involved. This amendment is crucial when there are errors or discrepancies in the original lease's land description, ensuring that the lease accurately reflects the property boundaries and avoids any legal complications. The primary purpose of the Kansas Amendment to Oil and Gas Lease to Correct Land Description is to rectify any mistakes, omissions, or inaccuracies in the description of the leased land. It ensures clarity and precision in identifying the exact location and extent of the property. Keywords: Kansas, Amendment, Oil and Gas Lease, Correct Land Description, legal document, modify, existing, accurately describe, errors, discrepancies, original lease, property boundaries, legal complications, mistakes, omissions, inaccuracies, leased land, clarity, precision, location, extent. Types of Kansas Amendment to Oil and Gas Lease to Correct Land Description: 1. Corrective Amendment: This type of amendment is utilized when there are factual or typographical errors in the initial lease agreement regarding the land description. It is necessary to rectify these mistakes and ensure accuracy. 2. Boundary Correction Amendment: This amendment is employed to address issues related to property boundaries. It may arise when a survey reveals discrepancies, or when there is a need to update the lease according to newly established boundary lines. 3. Descriptive Amendment: This type of amendment is used when the original lease contains vague or insufficient land descriptions. The descriptive amendment provides further details or clarifications to accurately define the land involved in the lease. 4. Supplemental Amendment: This amendment is applicable when additional lands need to be added to the existing lease agreement. It enables the inclusion of new tracts or parcels to ensure the lease covers all intended properties. Overall, the Kansas Amendment to Oil and Gas Lease to Correct Land Description is a critical legal instrument used to rectify any inaccuracies and discrepancies in an oil and gas lease's land description. By using this amendment, landowners and lessees can maintain a precise and legally sound agreement regarding the leased property.

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FAQ

?Many land professionals are confused about what is a vertical and what is a horizontal pugh clause. LEGALLY ? a vertical pugh clause is one where all acreage outside of the well/unit boundaries must be released. LEGALLY ? a horizontal pugh clause is one where you must release acreage below a certain depth.

23. In general terms, the Pugh Clause provides that production from a unitized or pooled area located on or including a portion of the leased lands will not be sufficient to extend the primary term for the entire leasehold.

Royalty Clause There are two types of royalties, a net and a gross royalty. Normally, the oil and gas lease contains a net royalty. If the lease provides for a net royalty, this means that post-production deductions will be taken from the royalty.

The point of a retained-acreage provision is to be able to seek a new opportunity to lease unworked land to a different lessee, one who might do something productive with it. A Pugh clause is a negotiated provision in favor of the lessor. Pugh clauses modify pooling/unitization rights.

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.

A phrase (usually contained in a Pugh clause in an oil & gas lease) that terminates the lease after the primary term as to all formations below a particular depth typically defined as the stratigraphic equivalent of the base of the deepest producing formation in the unit.

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.

The Pugh Clause ? A clause in the Oil and Gas Lease which modifies usual pooling language to provide that drilling operations on or production from a pooled unit will not preserve the whole lease.

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How to fill out Amendment To Oil And Gas Lease To Correct Land Description? When it comes to drafting a legal document, it is easier to leave it to the ... Mar 8, 2023 — OIL & GAS CONSERVATION DIVISION. APPLICATION TO AMEND INJECTION PERMIT ... Complete the top portion, (side 1) of the form with the information ...The act of the first purchaser in signing an agreement to purchase oil or gas production, in issuing a division order, or in making any other voluntary ... 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 ... For a License Renewal form contact the Licensing Department at 316-337-6194.) When applying for a KCC License, you must file a Well Inventory form OWI-1 with ... Duty of lessee to have forfeited lease released; publication notice; affidavit to be recorded; notice to landowner; remedies. When any oil, gas or other ... Mar 6, 2006 — Assessment Renditions-. Oil and Gas Assessment Renditions used in the valuation process must be the forms prescribed in this guide. NEW POOL INITIAL OIL EXEMPTION REQUEST. Application is hereby made to the Director of Taxation to exempt the following lease or well from Kansas Mineral Tax. Jun 26, 1986 — Grant can be created by simply stating "A leases to. ~" followed by a description of the leased land and rights conferred by the grant. C ... Register of Deeds · Search for a Document · Frequently Asked Questions · General Information · Property Activity Alert ... ASSIGNMENT OF OIL AND GAS LEASE. MISC.

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Kansas Amendment to Oil and Gas Lease to Correct Land Description