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.
Louisiana Reservation of Additional Interests in Production
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State:
Multi-State
Control #:
US-OG-819
Format:
Word;
Rich Text
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How to fill out Reservation Of Additional Interests In Production?
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FAQ
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.
The after acquired title doctrine states that if a grantor purports to convey ownership of real property to which he does not have legal title at the time of the conveyance, but later acquires that title, it automatically vests in the grantee.
If a party purports to acquire a mineral servitude from a landowner when the right purportedly acquired is outstanding in another and the landowner either subsequently acquires the outstanding right or is the owner of the land at the time it is extinguished, the after-acquired title doctrine operates to vest the right ...
The so-called "doctrine of after-acquired title" deals with the rights of a grantee (and his successors) who accepts a deed or other conveyance from a grantor then without title, but who thereafter acquires it.
An example involving acquiring after-acquired title would be if an individual named John signed, acknowledged, and recorded a deed of his late father's ranch to another individual, Sam, even though John had not yet received title from his father's estate.
Louisiana Civil Code Article 2298 codifies Louisiana's doctrine of unjust enrichment as follows: A person who has been enriched without cause at the expense of another person is bound to compensate that person.
Effective January 1, 1975, the Louisiana Legislature enacted the Mineral Code as Title 31 of the Louisiana Revised Statutes. A. The Mineral Servitude. The mineral servitude is the vehicle by which the right to explore for and reduce minerals to possession is separated from the ownership of the surface of the land.
A doctrine that acknowledges that title automatically passes to a grantee when its grantor later acquires title that was lacking at the time of the original transfer.