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US Legal Forms
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Texas
Plano
Waiver of Call on Production

Plano Texas Waiver of Call on Production

Category:

Oil Gas and Minerals - Waivers

State:

Multi-State

City:

Plano

Control #:

US-OG-566

Format:

Word;

Rich Text

Instant download

Buy now

Description

This is a form of a Waiver of Call on Production.

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Interesting Questions

Who should I talk to before signing a Waiver of Call on Production?

It’s a good idea to consult with a legal expert or someone experienced in oil and gas agreements to ensure you know what you're getting into.

Can I revoke a Waiver of Call on Production once I sign it?

Once signed, these waivers can be tricky to revoke, and often they remain in effect until the terms of the original agreement say otherwise.

Is a Waiver of Call on Production the same as a lease?

Not quite! A waiver is a separate agreement that focuses on the right to call on production, while a lease outlines the terms of the land use.

How does a Waiver of Call on Production affect my royalties?

Generally, it shouldn't directly affect your royalties, but it can impact the timing and manner of how and when you receive them.

Are there any risks involved with signing a Waiver of Call on Production?

Yes, signing a waiver can mean giving up some control over the production process, so it's important to understand the terms before putting pen to paper.

Why would someone want to sign a Waiver of Call on Production?

People may sign this waiver to streamline operations, allowing the operator to manage resources without constant approval from the owner.

What is a Waiver of Call on Production in Plano, Texas?

A Waiver of Call on Production is a document that allows the property owner to give up their right to demand the production of oil or gas from a lease whenever they want.