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.
Missouri Reservation of A Call on, Or Preferential Right to Purchase Production by Lessor
Category:
State:
Multi-State
Control #:
US-OG-820
Format:
Word;
Rich Text
Instant download
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How to fill out Reservation Of A Call On, Or Preferential Right To Purchase Production By Lessor?
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FAQ
Implied Covenant to Develop the Lease: This implied covenant requires the Lessee to protect against drainage and typically arises when a neighbor's land is drilled and that lease could be draining oil out from under the leased land. Implied Covenants Owed to Land and Mineral Right Owners wattsguerra.com ? implied-covenants-owed-to-lan... wattsguerra.com ? implied-covenants-owed-to-lan...
1. n. [Oil and Gas Business] The right that nonselling participating parties have in a lease, well or unit to proportionately acquire the interest that a participating party proposes to sell to a third party. preferential right to purchase - The SLB Energy Glossary slb.com ? Terms ? preferential_right_to_... slb.com ? Terms ? preferential_right_to_...
Preferential Right means any right or agreement that enables any Person to purchase or acquire any Asset or any interest therein or portion thereof as a result of or in connection with the execution or delivery of this Agreement or the consummation of the transactions contemplated hereby. Preferential Right Definition: 130 Samples - Law Insider lawinsider.com ? dictionary ? preferential-ri... lawinsider.com ? dictionary ? preferential-ri...
