North Dakota Rental Lease Pooling Provision
About this form
The Rental Lease Pooling Provision is a specialized lease agreement specific to North Dakota, allowing a lessor to grant rights for oil and gas exploration. This form outlines the arrangements for seismic operations, drilling, mining, and related activities, while also providing for the pooling of resources across multiple lease areas. It is distinct in its legal structure and terminology, making it essential for parties involved in oil and gas leasing in North Dakota.
What’s included in this form
- Identification of Lessor and Lessee with contact details.
- Detailed description of the leased land and its boundaries.
- Term of lease indicating duration and conditions for renewal.
- Royalty arrangements specifying payments for oil and gas produced.
- Conditions for commencement and deferment of drilling operations.
- Rights and obligations regarding pooling and unitization of resources.
Situations where this form applies
This form should be used when entering into a lease agreement for the exploration and production of oil and gas in North Dakota. It is necessary when a lessor wishes to grant exclusive rights to the lessee for various operations on specified lands, especially when the potential for pooling is involved, allowing for shared resources among multiple leases.
Who can use this document
This form is intended for:
- Property owners (Lessors) looking to lease land for oil and gas operations.
- Companies or individuals (Lessee) seeking rights to explore and produce minerals on leased land.
- Legal professionals advising clients on oil and gas leasing agreements.
How to complete this form
- Identify the parties involved by entering the names and addresses of both Lessor and Lessee.
- Describe the land being leased, ensuring accurate boundaries and acreage are specified.
- Enter the effective date and the duration of the lease term.
- Outline the royalty payments, including how oil and gas production will be compensated.
- Sign and date the form in the presence of a notary public if required.
Is notarization required?
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Neglecting to provide complete and accurate land descriptions.
- Failing to specify the duration of the lease clearly.
- Overlooking royalty payment clauses, which can lead to disputes later.
- Not having the document notarized when required, making it potentially unenforceable.
Why use this form online
- Convenient access to downloadable templates drafted by licensed attorneys.
- Edit and customize the form according to specific leasing needs.
- Reliable formatting that meets legal standards for North Dakota rentals.
- 24/7 availability, allowing for quick and efficient completion of legal documents.
