Kansas Notice of Claim of Breach of Oil, Gas, and Mineral Lease by the original Lessor's Successor

Q: What is the stratigraphic Pugh clause?

A phrase (usually contained in a Pugh clause in an oil &amp; 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.

Category:

Oil Gas and Minerals - Notices

State:

Multi-State

Control #:

US-OG-107

Format:

Instant download

Description

Most leases require a lessor give a lessee a written notice of any claimed breach of the lease. The lessee is usually granted a period of time in which to remedy the breach before a claim can be made for damages or that the lease is terminated. This form is a second notice to a lessee. It is prepared for signature by the successor to the original lessor. It provides that a letter has been sent to the lessee notifying the lessee of the claimed breach. This notice, once recorded, is constructive notice that the lease is deemed to have expired for failure of the lessee to remedy the claimed breach.

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How to fill out Notice Of Claim Of Breach Of Oil, Gas, And Mineral Lease By The Original Lessor's Successor?

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FAQ

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. Fundamentals of an Oil and Gas Lease rothmangordon.com ? fundamentals-of-an-... rothmangordon.com ? fundamentals-of-an-...

?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.

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.

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.

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. Pugh Clause | Coats Rose coatsrose.com ? wp-content ? uploads ? 10-... coatsrose.com ? wp-content ? uploads ? 10-...

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. Provisions of an Oil and Gas Lease rothmangordon.com ? provisions-of-an-oil-... rothmangordon.com ? provisions-of-an-oil-...

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. Remedies for Breach of Implied Covenants in Oil and Gas ... ScholarWorks at University of Montana ? cgi ? viewcontent ScholarWorks at University of Montana ? cgi ? viewcontent PDF

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.