Kansas Relinquishment Provision - Exploratory Well

State:
Multi-State
Control #:
US-OG-717
Format:
Word; 
Rich Text
Instant download

Description

This form is used when any party electing not to participate in an exploratory well after the exploratory well has been drilled, relinquish and assign to the Drilling Party or Parties one hundred percent (100%) of its rights, title and interests in the Drilling Unit and the eight (8) Drilling Units directly and diagonally offsetting the Drilling Unit on which the well was drilled.

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FAQ

Fracking operations in Kansas normally are not done on such a large scale. Figure 3?Over 430,000 oil and gas wells have been drilled in Kansas since the late 1800s. Of the roughly 244,000 wells drilled since 1947, over 57,000 of those wells have been hydraulically fractured.

562.5 Termination of farm tenancies. In the case of a farm tenancy, the notice must fix the termination of the farm tenancy to take place on the first day of March, except in cases of a mere cropper, whose farm tenancy shall terminate when the crop is harvested.

For all leases, except written leases signed by the parties that provide otherwise, Kansas law provides that notice to terminate farm and pastureland leases must be given as follows: in writing. at least 30 days prior to March 1, and. must fix March 1 as the termination date of the tenancy.

In Kansas, a landlord is not required to include an early termination clause. A tenant may be able to terminate a lease early in exchange for paying a penalty through an early termination clause. An early termination clause will allow a tenant to break the lease after 30-60 days of providing notice.

For all leases, except written leases signed by the parties that provide otherwise, Kansas Agriculture Lease Law states that notice to terminate farm and pastureland leases must be given in writing, at least 30 days prior to March 1, and must fix March 1 as the termination date of the tenancy.

Cash rents paid to landlords in 2022 for cropland increased from last year. Irrigated cropland rent averaged $143.00 per acre, $4.00 above last year. Dryland cropland rent averaged $61.50 per acre, $3.50 higher than a year earlier.

Kansas regulations for water well construction require an approved, watertight casing from at least one foot above the finished ground surface to at least 20 feet below ground surface. Proper drainage at the well must be provided to prevent ponding of surface water within 50 feet (Figure 3).

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Kansas Relinquishment Provision - Exploratory Well