New Jersey Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease is a legal document that grants the right to utilize the gas resources mentioned in an oil and gas lease without any additional charges. This conveyance allows individuals or entities in New Jersey to benefit from the gas present on their property or land, without incurring extra costs. Within the realm of New Jersey Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease, there are a few different types that are commonly encountered. These types include: 1. Absolute Conveyance: This type of conveyance provides the grantee with an unconditional and full right to use the gas provided for in the oil and gas lease. The grantee is not required to pay any royalties or additional fees for the gas usage. 2. Restricted Conveyance: In this type of conveyance, certain limitations or conditions are imposed on the grantee's use of the gas provided in the oil and gas lease. This may include restrictions on the volume of gas that can be used, specific purposes for which the gas can be utilized, or time limitations for gas usage. 3. Partial Conveyance: A partial conveyance grants the grantee the right to make free use of only a portion of the gas defined in the oil and gas lease. The remaining portion of gas can still be used by the lessor or other parties as specified in the lease agreement. 4. Time-Limited Conveyance: This type of conveyance permits the grantee to use the gas freely, but only for a specified period of time as mentioned in the oil and gas lease. Once the designated time period expires, the rights to the gas may revert to the lessor or owner of the mineral rights. It is crucial to consult with an experienced lawyer or legal professional in New Jersey to draft or review the Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease, ensuring it aligns with state laws, protects the rights of all involved parties, and provides clarity on the terms and conditions associated with the gas usage.
New Jersey Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease
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Granting Clause: The clause in the deed that lists the grantor and the grantee and states that the property is being transferred between the parties.
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.
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.
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.
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.
Granting Clause: This clause specifies: (a) the land that is being leased; (b) which minerals are being leased (oil, gas, uranium, etc.); and (c) and what rights the production company has to use the surface land in an effort to produce the leased minerals.
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.
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.
