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.
Kentucky Pugh Clause
Category:
State:
Multi-State
Control #:
US-OG-843
Format:
Word;
Rich Text
Instant download
Description
How to fill out Pugh Clause?
Are you presently within a position in which you will need papers for possibly company or specific functions nearly every day? There are plenty of lawful document themes available on the net, but getting ones you can depend on is not straightforward. US Legal Forms provides 1000s of kind themes, just like the Kentucky Pugh Clause, that happen to be composed in order to meet state and federal requirements.
When you are previously informed about US Legal Forms site and have a free account, simply log in. After that, it is possible to obtain the Kentucky Pugh Clause web template.
Unless you offer an bank account and need to begin to use US Legal Forms, adopt these measures:
- Get the kind you will need and make sure it is for the proper metropolis/state.
- Take advantage of the Preview option to check the shape.
- Browse the information to actually have chosen the correct kind.
- In the event the kind is not what you are looking for, take advantage of the Lookup industry to discover the kind that fits your needs and requirements.
- Whenever you obtain the proper kind, click Purchase now.
- Opt for the rates plan you would like, complete the required information to create your money, and purchase your order with your PayPal or bank card.
- Pick a practical paper structure and obtain your duplicate.
Discover all of the document themes you possess bought in the My Forms menus. You can aquire a more duplicate of Kentucky Pugh Clause any time, if needed. Just click on the needed kind to obtain or print out the document web template.
Use US Legal Forms, probably the most considerable variety of lawful types, to save time and avoid faults. The service provides skillfully manufactured lawful document themes that can be used for a range of functions. Make a free account on US Legal Forms and start creating your life a little easier.
Form popularity
FAQ
A Pugh Clause is enforced to ensure that a lessee can be prevented from declaring all lands under an oil and gas lease as being held by production. This remains true even when production only takes place on a fraction of the property.
The Pugh Clause ? A clause in the Oil and Gas Lease which modifies usual pooling language to provide that drilling operations on or production from a pooled unit will not preserve the whole lease.
The Pugh Clause limits the rights of the lessee to hold only particular depths or amounts of leased property in a pooled unit after the expiration of the primary term. In Texas, production from any portion of a leased tract is deemed production from the entire tract. Pugh clause negates this general rule.
A Vertical Pugh Clause requires the Operator to release the rights below a defined vertical depth after the primary term of your lease expires. For example, all rights 100 feet below the deepest drilled depth or 100 feet below the deepest formation penetrated.
A phrase (usually contained in a Pugh clause in an oil & gas lease) that terminates the lease after the primary term as to all formations below a particular depth typically defined as the stratigraphic equivalent of the base of the deepest producing formation in the unit.
A clause in an oil and gas lease establishing the acreage around a producing well or pooled unit that the lessee is allowed to retain after termination of the lease if certain conditions are met. There is no standard retained-acreage clause, and these clauses vary by lease.
The point of a retained-acreage provision is to be able to seek a new opportunity to lease unworked land to a different lessee, one who might do something productive with it. A Pugh clause is a negotiated provision in favor of the lessor. Pugh clauses modify pooling/unitization rights.
