Wyoming Continuous Development, Retained Acreage, and Depth Limitations

State:
Multi-State
Control #:
US-OG-785
Format:
Word; 
Rich Text
Instant download

Description

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.

Free preview
  • Preview Continuous Development, Retained Acreage, and Depth Limitations
  • Preview Continuous Development, Retained Acreage, and Depth Limitations
  • Preview Continuous Development, Retained Acreage, and Depth Limitations
  • Preview Continuous Development, Retained Acreage, and Depth Limitations
  • Preview Continuous Development, Retained Acreage, and Depth Limitations
  • Preview Continuous Development, Retained Acreage, and Depth Limitations

How to fill out Continuous Development, Retained Acreage, And Depth Limitations?

It is possible to devote hrs online attempting to find the legitimate document web template which fits the federal and state needs you will need. US Legal Forms supplies 1000s of legitimate kinds that are analyzed by experts. It is possible to obtain or print out the Wyoming Continuous Development, Retained Acreage, and Depth Limitations from your assistance.

If you have a US Legal Forms accounts, you may log in and click on the Download option. Following that, you may total, modify, print out, or indication the Wyoming Continuous Development, Retained Acreage, and Depth Limitations. Every single legitimate document web template you buy is the one you have permanently. To get another duplicate of any acquired type, visit the My Forms tab and click on the corresponding option.

If you work with the US Legal Forms site initially, keep to the easy guidelines under:

  • Very first, make sure that you have selected the correct document web template for the area/town of your choice. Read the type information to make sure you have chosen the right type. If readily available, utilize the Review option to search from the document web template too.
  • If you want to get another edition from the type, utilize the Research industry to get the web template that suits you and needs.
  • When you have discovered the web template you want, click Purchase now to carry on.
  • Choose the prices strategy you want, type in your credentials, and sign up for a merchant account on US Legal Forms.
  • Full the deal. You can use your bank card or PayPal accounts to pay for the legitimate type.
  • Choose the format from the document and obtain it to your device.
  • Make changes to your document if required. It is possible to total, modify and indication and print out Wyoming Continuous Development, Retained Acreage, and Depth Limitations.

Download and print out 1000s of document layouts using the US Legal Forms site, that offers the most important selection of legitimate kinds. Use skilled and condition-certain layouts to take on your small business or specific requirements.

Form popularity

FAQ

If there is production sufficient to preserve all or part of the lease at that one moment, the acreage is retained and not evaluated again. Conversely, under ?rolling? Pugh clauses, ?rolling determinations? following the primary term are to be made whenever any operations or production ceases.

Hear this out loud PauseA 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.

Retained Acreage ? A clause that provides that a lease will continue after the expiration of the primary term as to a certain number of acres associated with each of the wells drilled under the lease.

Hear this out loud PauseA phrase (usually contained in a Pugh clause in an oil & gas lease) that terminates the lease after the primary term as to all formations below a particular depth typically defined as the stratigraphic equivalent of the base of the deepest producing formation in the unit.

Hear this out loud PauseThe point of a retained-acreage provision is to be able to seek a new opportunity to lease unworked land to a different lessee, one who might do something productive with it. A Pugh clause is a negotiated provision in favor of the lessor. Pugh clauses modify pooling/unitization rights.

Hear this out loud PauseReturning to our example, a properly drafted Horizontal Pugh Clause would not only terminate the lease as to the 180 non-pooled acres but also as to all horizons and strata below the deepest depth drilled, i.e., 7800 feet. In other words, the entire lease would terminate as to all horizons and strata below 7800 feet.

An example of a Surface Area Pugh Clause: ?Production from or operations on a pooled unit or units including a portion or portions of the leased premises will maintain this Lease in force only as to the acreage included in the unit or units.

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

Wyoming Continuous Development, Retained Acreage, and Depth Limitations