Suffolk New York Separate Leases on Multiple Tracts of Lands Described in one Oil and Gas Lease

State:
Multi-State
County:
Suffolk
Control #:
US-OG-823
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.

Suffolk New York is a picturesque county located on Long Island, characterized by vibrant communities and stunning natural landscapes. With a diverse population and a rich history, Suffolk offers its residents and visitors a wide range of attractions and activities. In the realm of real estate, separate leases on multiple tracts of lands described in one oil and gas lease are common in Suffolk County. These leases allow for the exploration and extraction of valuable oil and gas resources found beneath the surface. By enabling multiple tracts of land to be covered under a single agreement, it streamlines the administrative process for both lessees and lessors. There are different types of Suffolk New York separate leases on multiple tracts of lands described in one oil and gas lease, including: 1. Residential Separate Leases: These leases pertain to tracts of land that have residential properties, such as single-family homes, townhouses, or apartment complexes. It allows for the possibility of having oil and gas extraction operations coexist with residential communities. 2. Commercial Separate Leases: This type of lease covers tracts of land used for commercial purposes, such as shopping centers, office buildings, or industrial complexes. Separate leases ensure that potential oil and gas operations can be conducted while minimizing disruption to commercial activities. 3. Agricultural Separate Leases: Suffolk County is renowned for its fertile soil and agricultural heritage. These leases cover tracts of land dedicated to farming, including crop cultivation and livestock rearing. Special provisions are typically made to protect agricultural operations during oil and gas exploration. 4. Recreational Separate Leases: Suffolk County boasts beautiful parks, nature preserves, and recreational areas, such as golf courses and hiking trails. This type of lease applies to tracts of land used for recreational purposes, ensuring that oil and gas activities are conducted in a manner that preserves the natural environment and minimizes disruption to recreational activities. In conclusion, Suffolk New York offers various types of separate leases on multiple tracts of lands described in one oil and gas lease. These leases accommodate different property types, including residential, commercial, agricultural, and recreational, allowing for the coexistence of oil and gas operations with diverse land uses in this vibrant county.

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FAQ

An OGL gives a lessee an implied right to use the surface as is reasonably neccesary to explore, develop, and produce oil and gas from the land because the mineral estate is dominant.

A Pugh Clause is meant to prevent a lessee from declaring all lands under an oil and gas lease as being held by production, even if production only occurs on a fraction of the property.

1. n. Oil and Gas Business An oil and gas lease wherein the bonus consideration is paid at the signing of the lease. However, this lease becomes effective only after the expiration or termination of an existing lease on the tract of land.

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.

According to Kramer, a lease that is executed by owners of separate tracts (or separate interests in the same tract) is known as a community lease and effectively pools the interests covered by the lease unless a contrary intent is expressly provided in the provisions of the lease itself or an amendment to the lease.

In general terms, the Pugh Clause provides that production from a unitized or pooled area located on or including a portion of the leased lands will not be sufficient to extend the primary term for the entire leasehold.

The horizontal Pugh clause operates to release all lands not included in a pooled unit, typically at the end of the primary term or after cessation of continuous drilling operations, if the lease provides for same. The horizontal Pugh clause releases land at the surface as to all depths.

In oil and gas exploration and production, leasehold interest refers to the lease the company enters into with the mineral rights owner. Other names for leasehold interest are working interest and operating interest.

Generally, a pooling clause will allow the leased premises to be combined with other lands to form a drilling unit, wherein proceeds from production anywhere on the drilling unit are allocated according to the percentage of the acreage of each tract divided by the total acreage of the drilling unit.

An oil lease is essentially an agreement between parties to allow a Lessee (the oil and gas company and their production crew) to have access to the property and minerals (oil and gas) on the property of the Lessor. The lease agreement is a legal contract of terms.

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C. There is no rent or lease option on any of the VMF listings.

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Suffolk New York Separate Leases on Multiple Tracts of Lands Described in one Oil and Gas Lease