Louisiana Gas Processing Rights Agreement

State:
Multi-State
Control #:
US-OG-1011
Format:
Word; 
Rich Text
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Description

This form is a gas processing rights agreement.

Louisiana Gas Processing Rights Agreement is a legal contract that outlines the specific rights and responsibilities related to the processing of natural gas in the state of Louisiana. This agreement is crucial for establishing a clear understanding between the parties involved in the gas processing operations, including natural gas producers, processing companies, and landowners. Under a Louisiana Gas Processing Rights Agreement, the gas producer grants the processing company the exclusive right to process and market the natural gas produced from certain wells or properties in Louisiana. In return, the processing company agrees to provide the necessary infrastructure, equipment, and expertise to process the gas efficiently and effectively. The agreement also includes provisions related to the payment of royalties, distribution of profits, and any additional fees or expenses associated with the gas processing activities. Furthermore, there are different types of Louisiana Gas Processing Rights Agreements depending on the specific arrangements and terms agreed upon by the parties involved. Some common types include: 1. Fixed Fee Agreement: This type of agreement involves the gas producer paying a fixed processing fee to the processing company. The fee is typically based on the volume or value of the gas processed and remains constant throughout the duration of the agreement. 2. Percentage of Proceeds Agreement: In this type of agreement, the processing company receives a percentage of the proceeds generated from the sale of the processed gas. The percentage may vary based on factors such as market conditions or contractual negotiations. 3. Combination Agreement: This agreement combines elements of both fixed fee and percentage of proceeds agreements, allowing for a more flexible and customized approach. The processing fee may include a fixed component, while the additional percentage of proceeds is based on certain performance indicators or market conditions. It is important for the parties involved in a Louisiana Gas Processing Rights Agreement to carefully review and negotiate the terms to ensure clarity, fairness, and protection of their interests. Legal expertise and understanding of the gas processing industry are essential to navigate through the complexities of these agreements effectively. In conclusion, a Louisiana Gas Processing Rights Agreement is a legally binding contract that outlines the rights and obligations related to the processing of natural gas in Louisiana. The agreement can take various forms, including fixed fee, percentage of proceeds, or combination agreements, depending on the preferences and circumstances of the parties involved.

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FAQ

Conventional Wisdom Says Never Sell After all, simply owning mineral rights costs you nothing. There are no liability risks, and in most cases, taxes are assessed only on properties that are actively producing oil or gas.

How long can you keep mineral rights in Louisiana? The lessee of mineral rights can only keep those rights for 10 years before they revert to the owner. This is ing to the law in Louisiana.

Transfers fall under Articles 11 and 22, Louisiana Mineral Code. To transfer such rights, the new owner has to acquire a copy of the deed for the site at a local courthouse in Louisiana in the same county as the property.

A property owner with mineral rights may explore, extract, and sell natural deposits found underneath the land surface. But surface rights only refer to exclusive rights to all physical property on the land.

Yes, mineral rights can expire. There's no one answer to when they'll expire or how long they last. All agreements have different term lengths.

Also known as a mineral estate, mineral rights are just what their name implies: The right of the owner to utilize minerals found below the surface of property. Besides minerals, these rights can apply to oil and gas. Interestingly, mineral rights can be separate from actual land ownership.

In Louisiana for example, if you sell land, you may retain ownership of the minerals beneath it for a period of 10 years and one day at which time you must transfer such mineral rights to the current owner of that tract of land, but only if that owner has retained the land for the same period of time.

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THIS GAS PROCESSING AGREEMENT (the “Agreement”), is made and entered into ... WHEREAS, Plant Supplier owns or holds either the primary or secondary gas processing ... a contract for processing gas with an Affiliate, or if the contract is not arms' length or is not prudently negotiated under the facts and circumstances ...A. REGISTRATION · Please submit two (2) fully executed (originally signed) or one (1) originally certified recorded document PLUS, whatever number of instruments ... That doesn't mean you yourself cannot find a sample to use, nevertheless. Download Gas Processing Rights Agreement right from the US Legal Forms website. It ... An agreement creating an operating unit may provide for cycling, recycling, pressure maintenance, or repressuring in fields productive of oil, gas, and gas from ... How to claim mineral rights in Louisiana? To claim mineral rights in Louisiana, the party seeking the oil or gas needs to conduct title research to confirm ... individual in the Louisiana Property Assistance Section of the Division of ... complete physical inventory of the property owned by the agency each fiscal ... Without limiting the generality of the foregoing, the rights granted hereby shall include the right to construct, install, maintain, inspect, operate, replace, ... by PS Ottinger · 2016 · Cited by 8 — general rule applies to contracts involving real rights in immovables that are located in Louisiana: “Real rights in immovables situated in this state are. Feb 18, 2015 — Subpart A of the Louisiana Oil Well Lien Act (LOWLA) details privileges available to qualified parties performing labor or furnishing materials ...

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Louisiana Gas Processing Rights Agreement