This form of agreement only gives the Optionee the right to conduct seismic exploration activities. It does not provide the Optionee the right to acquire a lease. It includes, as exhibits, the activities the Optionee may conduct ( Scope of Permitted Operations ), a schedule of the data to be furnished to the Optionor, and the use that the Optionor can make of the data.
Oklahoma Seismic Permit Option Agreement
Category:
State:
Multi-State
Control #:
US-OG-079
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Seismic Permit Option Agreement?
You can spend time online searching for the legitimate papers design that meets the state and federal needs you need. US Legal Forms offers a huge number of legitimate varieties that are reviewed by experts. You can easily down load or produce the Oklahoma Seismic Permit Option Agreement from our assistance.
If you have a US Legal Forms accounts, you are able to log in and click the Download button. Afterward, you are able to full, modify, produce, or sign the Oklahoma Seismic Permit Option Agreement. Every legitimate papers design you buy is yours eternally. To get one more duplicate for any purchased kind, proceed to the My Forms tab and click the corresponding button.
If you are using the US Legal Forms website the first time, stick to the basic instructions under:
- Very first, be sure that you have selected the correct papers design to the county/city of your choice. Browse the kind outline to make sure you have selected the proper kind. If available, make use of the Preview button to search with the papers design at the same time.
- If you want to locate one more edition of your kind, make use of the Research area to find the design that fits your needs and needs.
- Upon having discovered the design you need, click on Acquire now to continue.
- Select the pricing strategy you need, key in your references, and register for your account on US Legal Forms.
- Full the financial transaction. You may use your charge card or PayPal accounts to cover the legitimate kind.
- Select the structure of your papers and down load it to your device.
- Make adjustments to your papers if needed. You can full, modify and sign and produce Oklahoma Seismic Permit Option Agreement.
Download and produce a huge number of papers web templates while using US Legal Forms Internet site, that provides the greatest collection of legitimate varieties. Use skilled and condition-particular web templates to deal with your organization or specific requirements.
Form popularity
FAQ
The statutory minimum is 1/8th or 12.5%, but it may be as high as 1/4th, or 25%. Since the 1990s, Oklahoma royalties have typically been at least 18.75 percent, but 20 to 25 percent is not unheard of for Oklahoma mineral owners.
How do I find mineral rights I own? The only way to determine mineral rights ownership in Oklahoma is to do a title search at the courthouse where the property is located. To do this, you must review all deeds and other legal conveyances pertaining to the subject tract back to 1907.
For non-producing properties, the Mineral Rights Value in Oklahoma could be anywhere from a few hundred dollars per acre to $5,000+/acre. It really depends on which county your property is located in.
There is a safe nationwide unclaimed property search that can be found at missingmoney.com, or you can also visit the Oklahoma State Treasurer's website to use a similar search tool. Search your name or business name, city and hit "search" to start your claim.
This general mineral deed gives the grantee the right to access, for the purpose of mining, drilling, exploring, operating and developing said lands for oil, gas, and other minerals, and storing handling, transporting and marketing of such.
Transfer By Will The right to minerals transfers at the time of death to the individuals named as beneficiaries. If no specific beneficiaries to the mineral rights are designated, ownership passes to the property and real estate heir.
Without any royalty income it comes down to what buyers think the future income might be. For non-producing properties, the Mineral Rights Value in Oklahoma could be anywhere from a few hundred dollars per acre to $5,000+/acre. It really depends on which county your property is located in.