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North Dakota Amendment to Oil and Gas Lease to Extend the Primary Term of the Lease on Part of the Lands Subject to the Lease

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US-OG-085
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Faced with a similar situation to that encountered when considering using the preceding form, the lessor may desire to extend the lease on only a part of the lands subject to the original lease. This form addresses that situation.

North Dakota Amendment to Oil and Gas Lease to Extend the Primary Term of the Lease A North Dakota Amendment to an Oil and Gas Lease is a legal document used to extend the primary term of an existing lease on a specific part of the land covered by the lease. This amendment is commonly used in the oil and gas industry to allow for additional time in which the lessee can explore and produce natural resources. By extending the lease's primary term, it provides the lessee with continued rights and access to the designated land. The primary term of an oil and gas lease typically establishes a specific period during which the lessee has the right to explore, develop, and produce hydrocarbons from the leased premises. This initial term is usually a fixed number of years, granting the lessee sufficient time to conduct necessary operations to determine the commercial viability of the area. However, there are various situations in which extending the primary term of a lease becomes beneficial for both parties involved. Some common reasons for seeking an amendment to extend the primary term include unforeseen delays in operations, regulatory complexities, or the need for additional time to assess the production potential of specific areas within the original lease boundaries. The North Dakota Amendment to Oil and Gas Lease to Extend the Primary Term provides a legally binding agreement that allows for such an extension. It outlines the specific terms and conditions of the extension, including the duration of the additional time granted, any additional consideration to be paid by the lessee, and any modifications to the existing lease terms that may arise during the amendment process. It is important to note that there may be different types of North Dakota Amendments to Oil and Gas Lease to Extend the Primary Term of the Lease on Part of the Lands Subject to the Lease. Some potential categories might include: 1. Standard Extension Amendment: This type of amendment is used when the lessee requires more time to explore and develop the leased area due to unforeseen circumstances or delays beyond their control. It allows for a straightforward extension of the primary term without significant modifications to the original lease terms. 2. State-Mandated Extension Amendment: In certain cases, the state of North Dakota may mandate an extension on the primary term of an oil and gas lease. This can occur due to regulatory changes, administrative requirements, or public interest considerations. The state-mandated extension amendment ensures compliance with these regulations while adjusting the lease terms accordingly. 3. Exploratory Extension Amendment: When a lessee identifies a specific area within the leased premises that shows promising potential for oil and gas production, they may seek an exploratory extension amendment. This type of amendment allows for the primary term extension on a designated part of the lands subject to the lease, while the remainder of the original lease continues unaffected. Overall, a North Dakota Amendment to Oil and Gas Lease to Extend the Primary Term of the Lease on Part of the Lands Subject to the Lease serves as a valuable tool for providing flexibility and additional time to lessees in the exploration and production of oil and gas resources.

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Essential Clauses In An Oil And Gas Lease The granting clause conveys the right to develop and related rights to the lessee. The habendum clause defines the type of interest and rights the landowner is granting to the company who wants to lease the land. This clause is where the length of the lease is specified.

?Unless? Lease An oil and gas lease with a delay- rental clause structured as a special limitation to the primary term. The lease automatically terminates, though the lessee has no liability for its failure to perform, ?unless? the lessee pays delay rentals or commences drilling operations.

A good indemnification clause should be negotiated to make the oil and gas company responsible for defending and indemnifying the landowner should a claim be brought due to the operations or activities of the oil and gas company.

23. In general terms, the Pugh Clause provides that production from a unitized or pooled area located on or including a portion of the leased lands will not be sufficient to extend the primary term for the entire leasehold.

An ?unless? clause provides that the lease terminates unless the lessee has either made the required payments or commenced drilling operations. Lessees can therefore be terminated from the lease by failure to pay the proper amount, by the due date, in the proper form, to the proper party.

in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.

An assignment of oil and gas lease is a contractual agreement between a landowner and an oil or gas company in which the company gains the right to explore for, develop, and produce oil and gas from the property.

Negotiating an oil and gas lease will require some research upfront. If you're a landowner interested in working with an oil and gas company, you should explore their history and experience. You'll want to work with a reputable company that works in your best interests, holds a high standard, and maintains insurance.

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Forms and Policies · Current Sample Oil and Gas Lease - subject to Article 85-06 of the North Dakota Administrative Rules effective January 1, 2020 · Board ... A lessee shall submit a written request to the department for an assignment, amendment, or extension of an oil and gas lease, or a portion of the oil and gas ...9. "Leased premises" means the land area subject to a given oil and gas lease under the authority of the board of university and school lands. The easiest way to edit Amendment to Oil and Gas Lease to Extend the Primary Term of the Lease on Part of the Lands Subject to the Lease in PDF format online. by TM Robinson · 1952 · Cited by 1 — To the clause granting rights and authorizing certain activities upon the leased lands, most lease forms have added further rights such as exclusive right to ... Jul 24, 2023 — The Bureau of Land Management (BLM) is proposing to revise the BLM's oil and gas leasing regulations. Among other things, the proposed rule ... Mar 28, 2018 — It plainly says at “the expiration of the primary term” that “the lease shall terminate as to any part of the property not included within a ... The current lease terms for both newly issued competitive and non-competitive oil and gas leases are a primary term of 10 years, a royalty interest of 12.5%, ... The term of all such oil and gas leases shall be for a period not to exceed ten years and as long thereafter as oil or gas is produced from the leased land. by WJ Black · 2019 — leases could be extended beyond the primary term was if the land was “within a unit or units where there was oil and gas production in paying quantities.”10.

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North Dakota Amendment to Oil and Gas Lease to Extend the Primary Term of the Lease on Part of the Lands Subject to the Lease