This form is a Kansas 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.
Wichita Kansas Producers 88 Paid Up Lease Pooling Provision is a crucial element in the oil and gas industry. It pertains to a specific type of lease pooling arrangement that is applicable in Wichita, Kansas, for the Producers 88 entity. The Paid Up Lease Pooling Provision in Wichita Kansas allows multiple oil and gas leaseholders within the specified area to combine their leased acreage. By doing so, they create a united drilling area, enabling more efficient and cost-effective oil and gas exploration and production activities. This pooling provision is vital as it minimizes redundancies, reduces costs, and maximizes the potential for successful extraction. There are different types of Wichita Kansas Producers 88 Paid Up Lease Pooling Provisions, each designed to cater to specific circumstances and requirements. Some of these variants include: 1. Voluntary Pooling: This type of pooling provision involves willing leaseholders who agree to combine their leased acreage voluntarily. It often occurs when the participating leaseholders believe that consolidating resources will lead to increased productivity and profitability. 2. Compulsory Pooling: Also known as forced pooling, this provision involves the compulsory integration of non-consenting leaseholders. It occurs when a majority of leaseholders within the potential drilling area agree to pool their leases, and the remaining minority who refuse to participate are compelled by regulation to join the pooling arrangement. Compulsory pooling ensures maximum utilization of resources while minimizing straggling interests. 3. Continuous Pooling: This variant of the Paid Up Lease Pooling Provision allows leaseholders to continually add acreage to an existing pool. It provides flexibility for leaseholders to expand their consolidated drilling area gradually, accommodating multiple wells and maximizing production potential. 4. Temporary Pooling: Temporary pooling provisions are put in place for a specific duration or until a certain objective is met. It enables leaseholders to consolidate their leased acreage temporarily, usually for the purpose of drilling a specific well or extracting oil and gas from a particular reservoir. In conclusion, the Wichita Kansas Producers 88 Paid Up Lease Pooling Provision is an essential aspect of oil and gas operations in Wichita, Kansas. It allows leaseholders to combine their leased acreage, leading to enhanced efficiency, reduced costs, and increased potential for successful extraction. The provision can be further categorized as voluntary pooling, compulsory pooling, continuous pooling, or temporary pooling based on specific circumstances and needs.Wichita Kansas Producers 88 Paid Up Lease Pooling Provision is a crucial element in the oil and gas industry. It pertains to a specific type of lease pooling arrangement that is applicable in Wichita, Kansas, for the Producers 88 entity. The Paid Up Lease Pooling Provision in Wichita Kansas allows multiple oil and gas leaseholders within the specified area to combine their leased acreage. By doing so, they create a united drilling area, enabling more efficient and cost-effective oil and gas exploration and production activities. This pooling provision is vital as it minimizes redundancies, reduces costs, and maximizes the potential for successful extraction. There are different types of Wichita Kansas Producers 88 Paid Up Lease Pooling Provisions, each designed to cater to specific circumstances and requirements. Some of these variants include: 1. Voluntary Pooling: This type of pooling provision involves willing leaseholders who agree to combine their leased acreage voluntarily. It often occurs when the participating leaseholders believe that consolidating resources will lead to increased productivity and profitability. 2. Compulsory Pooling: Also known as forced pooling, this provision involves the compulsory integration of non-consenting leaseholders. It occurs when a majority of leaseholders within the potential drilling area agree to pool their leases, and the remaining minority who refuse to participate are compelled by regulation to join the pooling arrangement. Compulsory pooling ensures maximum utilization of resources while minimizing straggling interests. 3. Continuous Pooling: This variant of the Paid Up Lease Pooling Provision allows leaseholders to continually add acreage to an existing pool. It provides flexibility for leaseholders to expand their consolidated drilling area gradually, accommodating multiple wells and maximizing production potential. 4. Temporary Pooling: Temporary pooling provisions are put in place for a specific duration or until a certain objective is met. It enables leaseholders to consolidate their leased acreage temporarily, usually for the purpose of drilling a specific well or extracting oil and gas from a particular reservoir. In conclusion, the Wichita Kansas Producers 88 Paid Up Lease Pooling Provision is an essential aspect of oil and gas operations in Wichita, Kansas. It allows leaseholders to combine their leased acreage, leading to enhanced efficiency, reduced costs, and increased potential for successful extraction. The provision can be further categorized as voluntary pooling, compulsory pooling, continuous pooling, or temporary pooling based on specific circumstances and needs.
