Title: Pennsylvania Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease Keywords: Pennsylvania conveyance, right to make free use of gas, oil and gas lease Description: The Pennsylvania Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease is an important legal document that grants individuals or entities the right to utilize the natural gas extracted from their leased properties without any additional costs. This description will discuss the key components of this conveyance, its significance, and its variations, if any. 1. Understanding the Pennsylvania Conveyance of Right to Make Free Use of Gas: The conveyance, also known as a gas usage agreement, is an addendum to an oil and gas lease. In Pennsylvania, where significant natural gas resources reside, this conveyance provides the property owner with the right to access and utilize the extracted gas for free. It is particularly relevant in the context of Marcellus Shale gas drilling. 2. Key Components: The Pennsylvania Conveyance of Right to Make Free Use of Gas typically includes the following elements: Granteror and grantee details: Names and contact information of the parties involved in the conveyance. — Lease information: Reference to the original oil and gas lease agreement to which the conveyance is attached. — Gas usage rights: Clear stipulation that the grantee has the right to use and consume the gas produced from the leased property. — Volume limitations: Any restrictions on the quantity of gas that can be utilized for free, specifying any excessive usage penalties if applicable. — Termination clause: Conditions under which the gas usage agreement may be terminated or modified. — Legal provisions: Clauses clarifying the legal implications and disputes, governing laws, and severability. 3. Significance: The Pennsylvania Conveyance of Right to Make Free Use of Gas is crucial for landowners in the state, as it allows them to benefit from the natural resources found on their properties. By utilizing the extracted gas without additional charges, property owners can lower their energy costs and potentially generate additional revenue by selling any excess gas. 4. Variations: While the basic structure of the conveyance remains consistent, specific details may vary depending on factors such as negotiated lease terms, gas field conditions, and individual circumstances. The conveyance may differ in terms of gas volume restrictions, duration, inclusion of royalties or payments for excessive usage, or any additional rights desirable to the parties involved. In conclusion, the Pennsylvania Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease empowers property owners to freely utilize the gas extracted from their leased properties. This legal document safeguards their rights, helps reduce energy expenses, and potentially enables additional revenue generation.
Pennsylvania Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease
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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.
Royalty Clause There are two types of royalties, a net and a gross royalty. Normally, the oil and gas lease contains a net royalty. If the lease provides for a net royalty, this means that post-production deductions will be taken from the royalty.
A mineral lease is a contractual agreement between the owner of a mineral estate (known as the lessor), and another party such as an oil and gas company (the lessee). The lease gives an oil or gas company the right to explore for and develop the oil and gas deposits in the area described in the lease.
?Unless? Lease An oil and gas lease with a delay- rental clause structured as a special limitation to the primary term. The lease automatically terminates, though the lessee has no liability for its failure to perform, ?unless? the lessee pays delay rentals or commences drilling operations.
A good indemnification clause should be negotiated to make the oil and gas company responsible for defending and indemnifying the landowner should a claim be brought due to the operations or activities of the oil and gas company.
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.
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.
Essential Clauses In An Oil And Gas Lease The granting clause conveys the right to develop and related rights to the lessee. The habendum clause defines the type of interest and rights the landowner is granting to the company who wants to lease the land. This clause is where the length of the lease is specified.
