An affidavit of compliance with terms of oil and gas lease by lessee is a legal document filed by a lessee (the party who has leased the rights to explore and extract oil and gas) in the state of Nebraska. This affidavit serves as evidence that the lessee has fulfilled all the obligations and terms outlined in the lease agreement. Keywords: Nebraska, affidavit of compliance, terms, oil and gas lease, lessee. In Nebraska, there are several types of affidavits of compliance with terms of oil and gas lease by lessee, including: 1. Primary Lease Conditions Affidavit: This affidavit attests that the lessee has followed and complied with all the primary lease conditions specified in the oil and gas lease agreement. These conditions typically include payment of all royalties and bonuses, conducting necessary tests and surveys, and adhering to environmental and safety regulations. 2. Development Obligations Affidavit: In this type of affidavit, the lessee declares compliance with all the development obligations mentioned in the lease. Development obligations include drilling wells, maintaining proper machinery and equipment, and implementing approved development plans to explore and extract oil and gas resources. 3. Exploration and Production Affidavit: This affidavit verifies that the lessee has fulfilled the exploration and production provisions outlined in the lease. It confirms that the lessee has actively and diligently explored and produced oil and gas from the leased property as per the agreed-upon terms. 4. Environmental Compliance Affidavit: The lessee files this affidavit to demonstrate compliance with environmental regulations set by the state of Nebraska. It ensures that the lessee has taken all necessary steps to prevent pollution, monitor and mitigate any environmental impacts, and properly handle waste materials generated during oil and gas operations. 5. Financial Obligations Affidavit: This affidavit certifies that the lessee has met all financial obligations specified in the lease agreement. It includes payment of lease rentals, taxes, and other monetary requirements associated with the leasing and extraction of oil and gas resources. These affidavits are crucial in proving the lessee's compliance with the terms and conditions of the oil and gas lease agreement. They provide legal evidence of the lessee's adherence to licensing, environmental, financial, and operational obligations, ensuring transparency and accountability in the oil and gas industry in Nebraska.
Nebraska Affidavit of Compliance with Terms of Oil and Gas Lease by Lessee
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How to fill out Affidavit Of Compliance With Terms Of Oil And Gas Lease By Lessee?
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A clause in an oil & gas lease that provides that if the leased land is later owned by separate parties, such as in a sale of part of the property, the lessee can continue to operate, develop, and treat the lease as a whole and pay royalties to each owner based on its percentage of ownership of the entire area.
Memorandum of Lease. (Oil Gas) This form is a memorandum of lease that summarizes an oil and gas lease without disclosing confidential information contained in the lease itself. It is filed in the county in which the leased property is located to put third parties on notice that a lease exists.
A ?special warranty? is a covenant made by the lessor to defend the lessee against encumbrances or clouds on the oil and gas title created by the lessor during his ownership of the estate. The protection offered by this warranty is therefore limited to those title defects caused or created by the lessor himself.
The label "implied covenant law" is used to describe the body of case law where courts have found an implied obligation that necessarily compliments, and supplements, the express terms of an oil and gas lease.
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.
What is an Assignment Of Oil And Gas Lease? 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.
What is the granting clause? The granting clause is the clause under which the owner of the oil and gas rights leases the oil and gas rights to the oil and gas company along with the right to develop the oil and gas on a specifically described piece of real estate.
Typical granting clauses include language such as ?oil, gas, and other minerals,?2 ?oil and all gas of whatsoever nature or kind,?3 or some variation of these simplistic descriptions.
