This form is a Florida Lease agreement wherein Lessor grants, leases, and lets exclusively to Lessee the lands described within for the purposes of conducting seismic and geophysical operations, exploring, drilling, mining, and operating for, producing and owning oil, gas, sulfur, and all other minerals whether or not similar to those mentioned (collectively the oil or gas ), and the right to make surveys, lay pipelines, establish and utilize facilities for surface or subsurface disposal of salt water, construct roads and bridges, dig canals, build tanks, power stations, power lines, telephone lines, and other structures on the Lands, necessary or useful in Lessee's operations on the Lands or any other land adjacent to the Lands. This lease is a paid up lease and provides for pooling.
The Jacksonville Florida Producers 88 Paid Up Lease Pooling Provision SP (4-75) is a specific type of lease pooling provision that pertains to oil and gas production activities in the Jacksonville region of Florida. This provision is designed to facilitate the efficient extraction and production of oil and gas resources by allowing multiple leaseholders to combine their respective interests into a single pool. A lease pooling provision refers to a contractual agreement between oil and gas leaseholders that enables them to consolidate their interests in a particular area to enhance operational and economic efficiencies. In the case of the Jacksonville Florida Producers 88 Paid Up Lease Pooling Provision SP (4-75), the provision allows leaseholders in the area to combine their leased parcels into a pooled unit, thereby optimizing resource development. The keyword "paid-up lease" suggests that the leaseholders have already fulfilled their financial obligations related to leasing the land for oil and gas exploration and production. This means that the leaseholders have either paid a lump sum upfront or fulfilled their financial commitments through periodic payments or installments. Additionally, the "88" in the name of the provision signifies its association with a specific oil and gas lease block or unit in Jacksonville, Florida. This number is likely a reference to a designated block or unit identification code used by regulatory authorities or the leasing company to distinguish between different areas of interest. It is important to note that the specific terms and conditions of the Jacksonville Florida Producers 88 Paid Up Lease Pooling Provision SP (4-75) may vary depending on the lease agreement and the jurisdiction in which it is being implemented. Different types of lease pooling provisions may exist within the Jacksonville region, each associated with its unique identification codes, lease areas, and terms. Overall, the Jacksonville Florida Producers 88 Paid Up Lease Pooling Provision SP (4-75) is a contractual arrangement that enables leaseholders in the Jacksonville area to combine their leased parcels into a single pool, streamlining oil and gas production operations and maximizing resource extraction efficiency.The Jacksonville Florida Producers 88 Paid Up Lease Pooling Provision SP (4-75) is a specific type of lease pooling provision that pertains to oil and gas production activities in the Jacksonville region of Florida. This provision is designed to facilitate the efficient extraction and production of oil and gas resources by allowing multiple leaseholders to combine their respective interests into a single pool. A lease pooling provision refers to a contractual agreement between oil and gas leaseholders that enables them to consolidate their interests in a particular area to enhance operational and economic efficiencies. In the case of the Jacksonville Florida Producers 88 Paid Up Lease Pooling Provision SP (4-75), the provision allows leaseholders in the area to combine their leased parcels into a pooled unit, thereby optimizing resource development. The keyword "paid-up lease" suggests that the leaseholders have already fulfilled their financial obligations related to leasing the land for oil and gas exploration and production. This means that the leaseholders have either paid a lump sum upfront or fulfilled their financial commitments through periodic payments or installments. Additionally, the "88" in the name of the provision signifies its association with a specific oil and gas lease block or unit in Jacksonville, Florida. This number is likely a reference to a designated block or unit identification code used by regulatory authorities or the leasing company to distinguish between different areas of interest. It is important to note that the specific terms and conditions of the Jacksonville Florida Producers 88 Paid Up Lease Pooling Provision SP (4-75) may vary depending on the lease agreement and the jurisdiction in which it is being implemented. Different types of lease pooling provisions may exist within the Jacksonville region, each associated with its unique identification codes, lease areas, and terms. Overall, the Jacksonville Florida Producers 88 Paid Up Lease Pooling Provision SP (4-75) is a contractual arrangement that enables leaseholders in the Jacksonville area to combine their leased parcels into a single pool, streamlining oil and gas production operations and maximizing resource extraction efficiency.
