South Dakota Assumption of Lessee's Obligations Under Oil and Gas Leases

State:
Multi-State
Control #:
US-OG-480
Format:
Word; 
Rich Text
Instant download

Description

This provision provides that the assignee agrees to carry out all of the express and implied undertakings contained in the oil and gas leases and imposed on the original Lessees, and indemnify and hold Assignor harmless from and against Assignees failure to comply with the terms of the leases.

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FAQ

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.

It is a Class 2 misdemeanor for any person occupying a motor vehicle located upon a public highway or the right-of-way of a public highway to consume any alcoholic beverage or have a package or any receptacle containing an alcoholic beverage in that person's possession unless the seal of the original package remains ...

SDCL 34-20B-70 provides that certain property is subject to forfeiture when it is being used for the possession or distribution of controlled substances or marijuana.

Any operator of any passenger vehicle transporting a child under five years of age on the streets and highways of this state shall properly secure the child in a child passenger restraint system ing to its manufacturer's instructions.

No person may knowingly possess a controlled drug or substance unless the substance was obtained directly or pursuant to a valid prescription or order from a practitioner, while acting in the course of the practitioner's professional practice or except as otherwise authorized by chapter 34-20B.

South Dakota divides controlled substances into four schedules?Schedules I to IV. Schedule I drugs are considered the most dangerous and highly addictive, while Schedule IV drugs are the least dangerous and the least addictive.

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South Dakota Assumption of Lessee's Obligations Under Oil and Gas Leases