The Oklahoma Gas Storage Lease refers to a specific type of agreement that allows individuals or companies to lease underground storage space in the state of Oklahoma for natural gas storage purposes. This lease acts as a contractual arrangement between the landowner and the lessee, providing legal rights and obligations related to the storage of natural gas. Oklahoma, being a prominent energy-producing state, offers various types of gas storage leases tailored to different needs and conditions. Some common types of Oklahoma Gas Storage Leases include: 1. Depleted Gas Reservoir Lease: This type of lease allows for the storage of natural gas in previously exploited or depleted gas reservoirs. These reservoirs, which have been depleted of their original gas content, offer suitable conditions for gas storage due to their geological characteristics. 2. Aquifer Gas Storage Lease: Aquifer gas storage leases involve the use of underground water-bearing formations, known as aquifers, for storing natural gas. These leases utilize the porous nature of aquifers to hold and contain the gas. 3. Salt Cavern Gas Storage Lease: Salt caverns, created by the dissolution of underground salt deposits, provide unique characteristics for efficient gas storage. This type of lease involves utilizing salt caverns as a secure and reliable storage option to store natural gas. 4. Tight Formation Gas Storage Lease: Some gas storage leases in Oklahoma involve the utilization of tight formations, which are low-permeability rock formations such as shale. These formations are utilized by injecting natural gas into the rock matrix and adsorbing it onto the surface area of the rocks for storage. Regardless of the type of Oklahoma Gas Storage Lease, certain essential keywords play a crucial role in understanding this concept. These keywords include "Oklahoma," "gas storage lease," "natural gas," "storage space," "underground storage," "landowner," "lessee," "depleted gas reservoirs," "aquifers," "salt caverns," and "tight formations." Understanding these keywords provides insights into the process, intricacies, and different types of the Oklahoma Gas Storage Lease.
Oklahoma Gas Storage Lease
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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.
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. Sell, Buy, Lease with the Experts - Oklahoma Mineral Rights oklahomaminerals.com ? oklahoma-mineral... oklahomaminerals.com ? oklahoma-mineral...
7 percent for gross value of oil and gas production. State Oil and Gas Severance Taxes ncsl.org ? energy ? state-oil-and-gas-severan... ncsl.org ? energy ? state-oil-and-gas-severan...
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.
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.
An Oklahoma month-to-month rental agreement is a lease for an undefined period of time that can be canceled at any time by the landlord or tenant giving a 30-day notice. If no notice is sent, the lease will continue under the same terms as the original lease. Free Oklahoma Month-to-Month Rental Agreement - PDF - eForms eforms.com ? rental ? oklahoma-month-to-month... eforms.com ? rental ? oklahoma-month-to-month...
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.
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. FAQ's - Oklahoma Mineral Owner Registry? ownerregistry.com ? faq ownerregistry.com ? faq