The Kansas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is a legal document that allows lessees to extend their oil and gas leases in Kansas beyond the initial primary term. This affidavit is typically required when the lessee wants to continue production on the leased premises after the primary term expires. Keywords: Kansas, Affidavit of Production, Extend, Oil and Gas Lease, Primary Term. When it comes to different types of the Kansas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, there may not be specific variations or categories. However, variations in lease terms, duration, and other relevant factors may impact the specific language used in the affidavit. These differences are typically tailored to the unique circumstances of the lease and the objectives of the parties involved. In Kansas, oil and gas leases usually have a primary term, which is an initial fixed duration during which the lessee has the right to explore and develop the property for oil and gas resources. Once the primary term ends, the lessee may need to demonstrate ongoing production or other valid reasons to extend the lease beyond this initial period. The Kansas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term generally requires the lessee to provide detailed information regarding the production activities carried out during the primary term. This may include data on the amount of oil and gas produced, records of well maintenance, reports on drilling or reworking operations, and any other relevant information. By submitting this affidavit, the lessee is essentially assuring the lessor that there has been sufficient production and investment made to justify extending the lease beyond the primary term. This helps protect the interests of both parties and ensures proper compliance with the terms of the lease agreement. Overall, the Kansas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term is an essential document for lessees in Kansas who wish to continue operations and extraction activities beyond the initial term of their oil and gas leases.
Kansas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term
Description
How to fill out Kansas Affidavit Of Production To Extend Oil And Gas Lease Beyond Primary Term?
Are you in the situation in which you need paperwork for possibly company or specific purposes just about every day time? There are a lot of lawful record themes available on the net, but getting ones you can trust isn`t straightforward. US Legal Forms delivers a huge number of form themes, like the Kansas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, that happen to be published to meet federal and state specifications.
If you are currently familiar with US Legal Forms internet site and possess a merchant account, just log in. Following that, you can down load the Kansas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term web template.
Unless you come with an account and want to begin to use US Legal Forms, abide by these steps:
- Find the form you need and make sure it is for that right metropolis/area.
- Use the Review option to analyze the shape.
- See the outline to actually have chosen the appropriate form.
- When the form isn`t what you are looking for, utilize the Search discipline to obtain the form that meets your requirements and specifications.
- When you discover the right form, simply click Get now.
- Pick the prices program you desire, fill out the required details to generate your account, and purchase the order with your PayPal or charge card.
- Choose a convenient file formatting and down load your copy.
Get all the record themes you have purchased in the My Forms food selection. You can get a further copy of Kansas Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term anytime, if required. Just click the necessary form to down load or print out the record web template.
Use US Legal Forms, the most comprehensive selection of lawful types, to save time and avoid faults. The assistance delivers skillfully manufactured lawful record themes that you can use for a range of purposes. Make a merchant account on US Legal Forms and initiate creating your life easier.
Form popularity
FAQ
Royalty Rates: The royalty agreement or rate is a percentage of total revenue gotten from the sale of oil and gas, and it's always outlined in the lease agreement. The royalty percentage is usually 12.5% to 15% but can change based on regional regulations or negotiations.
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 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.
The primary term is the initial period during which a well may be drilled. If a successful well is drilled within the primary term, the lease will extend for as long as the well remains productive. If a well is not drilled within the primary term, the lease will usually expire.
The period of time in the life of an oil & gas lease that begins after the expiration of the primary term. Production, operations, continuous drilling, or shut-in royalty payments are most often used to extend an oil & gas lease into its secondary term.
