This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
The Virgin Islands Survey of Lands is an essential component of the process involved in determining and managing producing or proration units in the Virgin Islands. This survey involves the detailed examination and assessment of various factors related to land ownership and boundaries, which play a crucial role in the allocation and distribution of productive resources in the region. The survey starts with gathering accurate information regarding land ownership, including any relevant deeds, records, or legal documents. This information helps in identifying the rightful owners of the land and establishing a comprehensive understanding of the ownership structure. Next, the surveyors conduct an on-site inspection to physically trace the boundaries of the land. Utilizing sophisticated measurement tools and techniques, such as Global Positioning System (GPS) devices and surveying instruments, the surveyors accurately determine the coordinates of the land. This process is important in establishing the spatial dimensions of the parcel, its shape, and its relationship with neighboring lands. During the survey, natural features like rivers, streams, hills, or any other unique physical characteristics are noted and documented. These distinct features often play a significant role in determining land boundaries and can have an impact on the allocation of producing or proration units. In the context of producing or proration units, there are two main types of the Virgin Islands Survey of Lands. The first type is the Pre-Development Survey, which is conducted before any significant extraction or production takes place. This survey helps in determining the boundaries and ownership of the land area where the future production activities will occur. The second type is the Post-Development Survey, which is conducted after extraction or production activities have taken place. This survey reassesses and verifies the boundaries and ownership of the land involved in the production or proration units in light of any changes that may have occurred during the extraction process. Overall, the Virgin Islands Survey of Lands is an integral part of the overall management and control of producing or proration units. It ensures accurate representation of land ownership and boundaries, leading to fair and efficient allocation of resources, as well as providing a solid foundation for legal and commercial transactions related to land use and production activities in the Virgin Islands.
