Kansas Ratification, Renewal, Revivor, and Extension of Oil, Gas, and Mineral Lease to Allow Lessee to Drill Another Well

State:
Multi-State
Control #:
US-OG-116
Format:
Word; 
Rich Text
Instant download

Description

This form is used when an oil and gas lease, by its terms may have been deemed to have expired and the lessee desires to drill another well on the lands. A mere ratification or renewal of an expired lease will not cause the lease to be valid. A revivor of the lease is required. This form allows for the revival of a lease for the purposes of allowing the lessee to drill another well.

Free preview
  • Preview Ratification, Renewal, Revivor, and Extension of Oil, Gas, and Mineral Lease to Allow Lessee to Drill Another Well
  • Preview Ratification, Renewal, Revivor, and Extension of Oil, Gas, and Mineral Lease to Allow Lessee to Drill Another Well

How to fill out Ratification, Renewal, Revivor, And Extension Of Oil, Gas, And Mineral Lease To Allow Lessee To Drill Another Well?

Choosing the right legitimate document format can be quite a struggle. Obviously, there are plenty of web templates accessible on the Internet, but how do you get the legitimate type you want? Utilize the US Legal Forms site. The services offers thousands of web templates, like the Kansas Ratification, Renewal, Revivor, and Extension of Oil, Gas, and Mineral Lease to Allow Lessee to Drill Another Well, which can be used for organization and private requirements. Every one of the forms are checked out by specialists and meet up with state and federal specifications.

When you are already listed, log in to your bank account and click on the Obtain option to get the Kansas Ratification, Renewal, Revivor, and Extension of Oil, Gas, and Mineral Lease to Allow Lessee to Drill Another Well. Utilize your bank account to look through the legitimate forms you have bought earlier. Proceed to the My Forms tab of your respective bank account and obtain one more backup of the document you want.

When you are a fresh consumer of US Legal Forms, here are basic guidelines for you to follow:

  • Initial, make sure you have selected the proper type for your town/region. You can examine the shape while using Preview option and look at the shape description to make sure this is basically the right one for you.
  • In the event the type fails to meet up with your preferences, take advantage of the Seach industry to obtain the correct type.
  • When you are certain the shape is acceptable, click on the Acquire now option to get the type.
  • Pick the costs plan you need and enter in the essential info. Build your bank account and pay money for an order with your PayPal bank account or credit card.
  • Select the document formatting and obtain the legitimate document format to your device.
  • Full, change and print and sign the attained Kansas Ratification, Renewal, Revivor, and Extension of Oil, Gas, and Mineral Lease to Allow Lessee to Drill Another Well.

US Legal Forms may be the largest library of legitimate forms where you can discover various document web templates. Utilize the service to obtain appropriately-produced documents that follow status specifications.

Form popularity

FAQ

Royalties derived from mineral rights ownership are different than an overriding royalty or revenue from a working interest. Overrides, working interests, production payments and other types of royalties tied to a leasehold generally expire once production ceases.

To ?ratify? a lease means that the landowner and oil & gas producer, as current lessor and lessee of the land, agree (or re-agree) to the terms of the existing lease.

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.

A mineral lease is a contractual agreement between the owner of a mineral estate (known as the lessor), and another party such as an oil and gas company (the lessee). The lease gives an oil or gas company the right to explore for and develop the oil and gas deposits in the area described in the lease.

How long does oil and gas lease last? There are two terms in a gas and oil lease: known as the primary term and the secondary term. Normally, the primary term is for a specific amount of time which lasts between the period of 1, 3, 5, 7 or 10 years.

Once granted, an oil and gas lease gives the lessee a primary term ranging from 5 to 10 years, depending on water depth, to explore and develop the lease. A lessee must relinquish the lease if no activity has occurred within that specified amount of time.

As long as the lessee pays the annual rent, the lease remains in effect. This definite period of time is called the primary term. When a company fails to start production, the lease expires after the primary term. When the company starts drilling for oil and gas, the lease will remain in effect past the primary term.

If the lessee is engaged in drilling operations at the expiration of the primary term of the lease,[9] the lease term will be extended for an additional two years if certain requirements are met. [10] Actual drilling operations that penetrate the earth are required.

Trusted and secure by over 3 million people of the world’s leading companies

Kansas Ratification, Renewal, Revivor, and Extension of Oil, Gas, and Mineral Lease to Allow Lessee to Drill Another Well