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.
Montana Title Curative
Category:
State:
Multi-State
Control #:
US-OG-836
Format:
Word;
Rich Text
Instant download
Description
How to fill out Title Curative?
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FAQ
Held by production is an oil & gas industry term indicating a property is under lease and that the lease is being perpetuated in the secondary term by the production of oil or gas in paying quantities. An oil & gas may be in HBP status for many years if the wells located on the leased land keep producing.
Whether you have an offer on the table or not, you may have good reasons to sell your mineral rights: To pursue other opportunities. If you have a nonproducing property, you might have to wait years for anything to happen ? and nothing may ever happen, even after multiple leases.
Curative Measures for Title Defects Relating to Mineral Property Rights. If a seller or lessor does not have marketable title, then it will be necessary to cure any and all defects prior to moving forward with a purchasing or leasing transaction.
Oil and Gas. Curative. Title Curative is the process used to clarify errors in the chain of title.
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.
