Keywords: Kentucky, conveyance, right, free use, gas, oil and gas lease. A Kentucky Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease is a legal document that grants the right to freely use the gas extracted from the leased property, as stipulated in an oil and gas lease agreement. This conveyance ensures that the lessee has the authority to utilize the gas for various purposes without any additional charges or restrictions beyond what is specified in the lease. Types of Kentucky Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease include: 1. Absolute Conveyance: An absolute conveyance grants the lessee an unconditional right to make free use of the gas provided for in the oil and gas lease. This type of conveyance allows the lessee to utilize the gas without any limitations. 2. Partial Conveyance: A partial conveyance provides the lessee with a limited right to make free use of the gas. This means that there may be certain restrictions or conditions imposed on the usage or quantities of gas that can be utilized by the lessee. 3. Conveyance with Restrictions: In certain cases, a conveyance of the right to make free use of gas may come with specific restrictions. These restrictions could include limitations on the amount of gas that can be used, the purpose for which it can be used, or the duration of the right to use the gas. Important Points to Consider in a Kentucky Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease: a. Duration: The conveyance should clearly specify the duration for which the right to make free use of gas is granted. This should align with the lease agreement terms. b. Quantity: The conveyance should clearly state the limits, if any, on the quantities of gas that can be used by the lessee without any additional charges. c. Purpose: The conveyance may specify the allowed purposes for which the gas can be used. This could include heating, power generation, commercial use, or any other approved purposes. d. Compliance: The lessee must ensure compliance with all laws, regulations, and environmental stipulations related to the extraction and usage of gas. e. Termination: The conveyance should outline the conditions under which the right to make free use of gas can be terminated, such as non-compliance or expiration of the lease agreement. In conclusion, a Kentucky Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease is a legal document that grants the lessee the right to freely use the gas extracted from the leased property as specified in the lease agreement. The conveyance may be absolute, partial, or come with certain restrictions, ensuring appropriate utilization of the gas resource.
Kentucky Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease
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FAQ
An ?unless? clause provides that the lease terminates unless the lessee has either made the required payments or commenced drilling operations. Lessees can therefore be terminated from the lease by failure to pay the proper amount, by the due date, in the proper form, to the proper party.
A clause in an oil & gas lease that provides that if the leased land is later owned by separate parties, such as in a sale of part of the property, the lessee can continue to operate, develop, and treat the lease as a whole and pay royalties to each owner based on its percentage of ownership of the entire area.
A good indemnification clause should be negotiated to make the oil and gas company responsible for defending and indemnifying the landowner should a claim be brought due to the operations or activities of the oil and gas company.
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.
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.
Essential Clauses In An Oil And Gas Lease The granting clause conveys the right to develop and related rights to the lessee. The habendum clause defines the type of interest and rights the landowner is granting to the company who wants to lease the land. This clause is where the length of the lease is specified.
in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.
?Unless? Lease An oil and gas lease with a delay- rental clause structured as a special limitation to the primary term. The lease automatically terminates, though the lessee has no liability for its failure to perform, ?unless? the lessee pays delay rentals or commences drilling operations.
