This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Kansas Use of Produced Oil Or Gas by Lessor
Category:
State:
Multi-State
Control #:
US-OG-839
Format:
Word;
Rich Text
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How to fill out Use Of Produced Oil Or Gas By Lessor?
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FAQ
Nationally, Kansas ranks as the 9th largest oil producing state and 14th largest natural gas producing state. Over 2,100 licensed oil and gas operators produced nearly 36 million barrels of oil and more than 185 billion cubic feet of natural gas in 2018.
Rajasthan is the leading petroleum-producing state of India that produces approximately 23.7% of crude oil, whose examples include jet fuel, gasoline, kerosene, petroleum ether, petroleum spirit, and petroleum naphtha.
: a deed by which a landowner authorizes exploration for and production of oil and gas on his land usually in consideration of a royalty.
In 2022, five states combined accounted for about 72% of total U.S. crude oil production. The top five crude oil-producing states and their percentage shares of total U.S. crude oil production in 2022 were: Texas42.5% New Mexico13.3% North Dakota8.9% Colorado3.7% Alaska3.7%
There are currently 401 active producers in the state of Kansas. What is the average depth an oil or gas well is drilled in Kansas? 2,633 feet is the average depth of a well in Kansas.
"Held by production" is a provision in an oil or natural gas property lease that allows the lessee, generally an energy company, to continue drilling activities on the property as long as it is economically producing a minimum amount of oil or gas.
- Lessor -The owner of the minerals that grants the lease. - Lessee -The oil and gas developer that takes the lease. - Primary Term-Length of time the Lessee has to establish production by drilling a well on the lands subject to the lease. Generally, primary terms run from one to ten years.
Kansas total production for 2022 was 23,045,985 barrels. The production from the top ten fields (3,347,724 barrels) amounted to about 15% of the state's total.
