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.
Nevada Use of Produced Oil Or Gas by Lessor
Category:
State:
Multi-State
Control #:
US-OG-839
Format:
Word;
Rich Text
Instant download
Description
How to fill out Use Of Produced Oil Or Gas By Lessor?
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FAQ
Nevada is not usually thought of as an oil-producing state but exploration for oil, which began 80 years ago, has been successful to a degree during the past 35 years, and oil fields in two valleys in interior Nevada are presently producing oil.
Nevada does not have any significant crude oil, natural gas, or coal reserves and has no nuclear power plants.
Nevada does not have any significant crude oil reserves, and the state produces only small amounts of crude oil. Nevada also has no significant natural gas reserves and only a limited amount of natural gas production.
Texas is by far the largest oil-producing state in the United States. In 2022, Texas produced a total of 1.8 billion barrels. In a distant second place is New Mexico, which produced 574.3 million barrels in the same year.
There are very few wells that use hydraulic fracturing in Nevada, but there are an abundance of oil and gas wells.
Nevada continues to be considered a frontier state for oil exploration with 15 small oil fields in three areas of the state (Pine Valley in northern Eureka County, Railroad Valley in northeastern Nye County, and Deadman Creek in Elko County). Since 1907, about 750 wells have been drilled.
