West Virginia Unit Agreement and Plan of Unitization

Category:

Oil Gas and Minerals - Pooling and Unitization

State:

Multi-State

Control #:

US-OG-738

Format:

Instant download

Description

This Agreement is entered into, between the parties subscribing, ratifying, or consenting to it. The Parties are the owners of working, royalty, or other oil and gas interests in the Unit Area subject to this Agreement.

The Mineral Leasing Act of February 25, 1920, 41 Stat. 437, as amended, 30 U.S.C., Secs. 181 et seq., authorizes Federal lessees and their representatives to unite with each other, or jointly or separately with others, in collectively adopting and operating a cooperative or unit plan of development or operation of all or any part of any oil or gas pool, field, or like area, for the purposes of more properly conserving the natural resources whenever determined and certified by the Secretary of the Interior of the United States, to be necessary or advisable in the public interest.

Nevada Independent Contractor Agreement with Church

View this form

New Hampshire Independent Contractor Agreement with Church

View this form

New Jersey Independent Contractor Agreement with Church

View this form

New Mexico Independent Contractor Agreement with Church

View this form

New York Independent Contractor Agreement with Church

View this form

Sample Letter for Expression of Thanks for...

View this form

Sample Letter for Request Your FBI Files

View this form

Asset Purchase Agreement - More Complex

View this form

Transcript Notice

View this form

Equity Share Agreement

View this form

Sample Letter for Acknowledgment of Receip...

View this form

Voting Agreement between Clearworks Integr...

View this form

Stolen Property Investigation Statement Ch...

View this form

Name Change Questionnaire

View this form

Verified Complaint for Replevin or Reposse...

View this form

How to fill out Unit Agreement And Plan Of Unitization?

If you want to full, acquire, or produce lawful file templates, use US Legal Forms, the biggest variety of lawful kinds, which can be found on-line. Utilize the site`s simple and handy research to find the paperwork you will need. A variety of templates for organization and personal reasons are sorted by categories and claims, or keywords. Use US Legal Forms to find the West Virginia Unit Agreement and Plan of Unitization with a number of clicks.

In case you are already a US Legal Forms customer, log in in your account and then click the Acquire key to have the West Virginia Unit Agreement and Plan of Unitization. You can even gain access to kinds you earlier acquired within the My Forms tab of the account.

If you use US Legal Forms the very first time, refer to the instructions under:

Step 1. Be sure you have selected the shape for that correct area/country.
Step 2. Utilize the Preview option to check out the form`s articles. Do not neglect to read through the outline.
Step 3. In case you are not satisfied using the kind, make use of the Research industry near the top of the monitor to discover other versions from the lawful kind format.
Step 4. After you have identified the shape you will need, select the Acquire now key. Opt for the pricing program you choose and add your references to sign up for an account.
Step 5. Procedure the purchase. You may use your charge card or PayPal account to finish the purchase.
Step 6. Select the formatting from the lawful kind and acquire it on your device.
Step 7. Complete, change and produce or indicator the West Virginia Unit Agreement and Plan of Unitization.

Every lawful file format you buy is yours eternally. You have acces to each and every kind you acquired in your acccount. Go through the My Forms portion and choose a kind to produce or acquire again.

Be competitive and acquire, and produce the West Virginia Unit Agreement and Plan of Unitization with US Legal Forms. There are thousands of specialist and express-specific kinds you may use to your organization or personal demands.

Form popularity

FAQ

After confirming your legal ownership with an attorney at law, you need to draw up a deed of transfer form in your name and register it with the county records office as the mineral owner. The land transaction, leasing transaction, and royalty compliance go through the county office.

Royalty Rate: This rate is the percentage stated on the lease agreement as revenue allocation. It represents the amount the resource owner is expected to receive from the sale of the oil and gas. Royalty rates are between 12.5% to 15%.

Mineral rights give ownership, for a specified time, of the underground minerals that do not include sand, limestone, gravel, or subsurface water. If the mineral rights to your property have been sold before you acquired the land, that means you own only the surface rights and cannot use the minerals.

In the State of WV, minerals are considered property and therefore fall under the Ad Valorem Property Tax.

Mineral interests in WV are taxed the same as your home. You will pay 60% of the appraised value on the minerals at the levy rate for your county. The value of these minerals in based on WV Code procedures and is the same for all counties in WV. Minerals are taxed at a minimum value until production begins.

In Virginia, owners can separate mineral rights from other property rights. Since future deeds may not specify that mineral rights aren't included, title searches are important.

West Virginia Unit Agreement and Plan of Unitization

Description

Related forms

Viewed forms

How to fill out Unit Agreement And Plan Of Unitization?

Form popularity

FAQ

How do you transfer mineral rights in WV?

How much royalties do you get from an oil well?

How do mineral rights work in West Virginia?

Are mineral rights considered real property in West Virginia?

Do you pay property taxes on mineral rights in WV?

Does Virginia have mineral rights?

Trusted and secure by over 3 million people of the world’s leading companies

West Virginia Unit Agreement and Plan of Unitization

Description

Related forms

Viewed forms

How to fill out Unit Agreement And Plan Of Unitization?

Form popularity

FAQ

How do you transfer mineral rights in WV?

How much royalties do you get from an oil well?

How do mineral rights work in West Virginia?

Are mineral rights considered real property in West Virginia?

Do you pay property taxes on mineral rights in WV?

Does Virginia have mineral rights?

West Virginia Unit Agreement and Plan of Unitization Related Searches

Trusted and secure by over 3 million people of the world’s leading companies