This form is used when the Lessor desires to sell, subdivide, or partition all or a part of the lands covered by the Lease (the Lands ), and has requested a partial waiver of surface use of certain portions of the Lands subject to the Lease, and a waiver is agreeable to Lessee. This Agreement relates solely to the surface use and does not in any other way affect or diminish the Lessee's rights, interests and estate under the Lease.
Puerto Rico Agreement Waiving Surface Use by Oil and Gas Lessee
State:
Multi-State
Control #:
US-OG-655
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Agreement Waiving Surface Use By Oil And Gas Lessee?
Are you currently in the situation in which you need files for either organization or specific reasons just about every time? There are a lot of legitimate papers themes available on the Internet, but finding types you can trust isn`t simple. US Legal Forms gives a huge number of develop themes, like the Puerto Rico Agreement Waiving Surface Use by Oil and Gas Lessee, that happen to be written in order to meet federal and state requirements.
Should you be previously knowledgeable about US Legal Forms site and possess a free account, basically log in. After that, you may obtain the Puerto Rico Agreement Waiving Surface Use by Oil and Gas Lessee format.
Unless you have an profile and need to start using US Legal Forms, follow these steps:
- Obtain the develop you require and ensure it is for your correct town/region.
- Utilize the Review switch to analyze the shape.
- See the outline to ensure that you have chosen the right develop.
- If the develop isn`t what you`re looking for, make use of the Look for area to obtain the develop that suits you and requirements.
- If you get the correct develop, click Buy now.
- Choose the costs plan you want, fill in the necessary information and facts to generate your money, and purchase the order with your PayPal or credit card.
- Choose a practical file formatting and obtain your backup.
Locate all the papers themes you may have purchased in the My Forms menu. You can obtain a further backup of Puerto Rico Agreement Waiving Surface Use by Oil and Gas Lessee anytime, if needed. Just go through the essential develop to obtain or print out the papers format.
Use US Legal Forms, by far the most considerable selection of legitimate kinds, to save efforts and stay away from blunders. The service gives professionally manufactured legitimate papers themes that you can use for a variety of reasons. Make a free account on US Legal Forms and initiate producing your daily life easier.
Form popularity
FAQ
A Pugh Clause is enforced to ensure that a lessee can be prevented from declaring all lands under an oil and gas lease as being held by production. This remains true even when production only takes place on a fraction of the property.
A surface use agreement, which is also sometimes referred to as a land use agreement, is an agreement between the landowner and an oil and gas company or an operator for the use of the landowner's land in the development of the oil and gas.
Yes, subsurface rights are considered real property. This includes the rights to any minerals, oil, gas, or other natural resources that may be located beneath the surface of the land. These rights can be bought, sold, leased, or inherited like any other real property.
By way of background, a ?free use? clause is a provision in an oil/gas lease which gives the lessee the right to use gas produced from the leasehold.
A clause in an oil & gas lease that provides that if the leased land is later owned by separate parties, such as in a sale of part of the property, the lessee can continue to operate, develop, and treat the lease as a whole and pay royalties to each owner based on its percentage of ownership of the entire area.
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.
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.
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.