• US Legal Forms

Alaska Amendment to Oil and Gas Lease to Correct Land Description

State:
Multi-State
Control #:
US-OG-083
Format:
Word; 
Rich Text
Instant download

Description

If the description of lands contained in a lease is incorrect, rather than entering into a new lease, the existing lease may be amended, with the amendment providing the correct description of lands the lessor and lessee intended to be covered by the lease. This form addresses that situation.

Alaska Amendment to Oil and Gas Lease to Correct Land Description is a legal document used in the state of Alaska to rectify any inaccuracies or errors in the land description provided in an existing oil and gas lease. This amendment is crucial to ensure that the lease accurately reflects the boundaries and characteristics of the leased property, minimizing confusion and legal challenges. Keywords: Alaska, Amendment, Oil and Gas Lease, Correct Land Description, inaccuracies, errors, existing lease, boundaries, characteristics, leased property, confusion, legal challenges. There are a few different types of Alaska Amendments to Oil and Gas Lease to Correct Land Description that can be encountered: 1. Correction of Typographical Errors: This type of amendment is commonly used when there are minor typographical errors in the land description provided in the original lease. It aims to rectify any small mistakes, such as misspelled words, transposed numbers, or other similar errors. 2. Boundary Adjustments: In some cases, there may be a need to adjust the boundaries of the leased property due to new surveys, updated maps, or other factors. This amendment allows for the necessary modifications to be made, ensuring that the lease accurately represents the actual boundaries of the property. 3. Clarification of Land Characteristics: Occasionally, the original lease may lack sufficient details or fail to accurately describe certain land characteristics. This type of amendment provides a means to clarify specific aspects of the property, such as topography, terrain types, or any other relevant information necessary for effective oil and gas exploration or extraction. 4. Incorporation of Updated Legal Descriptions: Over time, legal descriptions of land parcels may change due to various reasons, including municipal or county boundary adjustments, subdivision developments, or other factors. This amendment is used to integrate the updated legal descriptions into the existing lease, ensuring compliance with the new boundaries. In summary, an Alaska Amendment to Oil and Gas Lease to Correct Land Description is an essential legal instrument used to rectify inaccuracies, errors, or ambiguities in the land description provided in an existing oil and gas lease. By utilizing relevant keywords, this description aims to capture the main aspects and variations of such amendments in Alaska to provide a comprehensive understanding of their purpose and importance.

Free preview
  • Form preview
  • Form preview

How to fill out Alaska Amendment To Oil And Gas Lease To Correct Land Description?

You may devote hrs on the web searching for the legitimate record template that suits the state and federal demands you need. US Legal Forms supplies a huge number of legitimate forms that are examined by professionals. It is possible to obtain or produce the Alaska Amendment to Oil and Gas Lease to Correct Land Description from your service.

If you already have a US Legal Forms account, you are able to log in and click the Download option. Following that, you are able to total, edit, produce, or indicator the Alaska Amendment to Oil and Gas Lease to Correct Land Description. Every legitimate record template you buy is your own eternally. To have another duplicate associated with a acquired develop, check out the My Forms tab and click the related option.

Should you use the US Legal Forms web site for the first time, adhere to the simple directions under:

  • Very first, ensure that you have chosen the proper record template to the county/city that you pick. Browse the develop outline to make sure you have chosen the right develop. If accessible, utilize the Review option to appear from the record template too.
  • If you want to discover another model from the develop, utilize the Lookup field to get the template that meets your requirements and demands.
  • Upon having located the template you need, click on Purchase now to proceed.
  • Pick the costs prepare you need, key in your references, and sign up for your account on US Legal Forms.
  • Full the deal. You may use your bank card or PayPal account to pay for the legitimate develop.
  • Pick the format from the record and obtain it to your system.
  • Make modifications to your record if required. You may total, edit and indicator and produce Alaska Amendment to Oil and Gas Lease to Correct Land Description.

Download and produce a huge number of record layouts using the US Legal Forms website, which provides the biggest collection of legitimate forms. Use specialist and state-certain layouts to take on your company or person requires.

Form popularity

FAQ

The current royalty rate officially charged for oil, gas, and coal drilled or mined from U.S. public lands is 12.5 percent. Remarkably, for oil and gas, this rate has not changed since the 1920s; for coal, it's been in effect since the 1970s.

While royalties on oil and gas produced from state territory generally hover between 12.5% and 16.67%, state law gives the commissioner of the Department of Natural Resources the authority to vary those terms if doing so is deemed in the state's best interest.

JUNEAU, Alaska (AP) ? Nearly every Alaskan will receive a $1,312 check, their annual share from the earnings of the state's nest-egg oil fund.

The political cost of the benefit is high. JUNEAU, Alaska (AP) ? Nearly every Alaskan will receive a $1,312 check starting this week, their annual share from the earnings of the state's nest-egg oil fund.

It will call for reduced royalty rates paid by producers to the state, below the standard rate of 12.5%, they said. John Boyle, Alaska Department of Natural Resources Commissioner, said the agency is working to determine the reduced royalty rate that might be proposed in the legislation.

Interesting Questions

More info

The information in the amendment application must meet two goals: • Provide sufficient information related to the project, the project area and proposed ... (a) Subject to the provisions in this lease, the state grants and leases to the lessee, without warranty, the exclusive right to drill for, extract, remove, ...A copy of the amendment of the Articles of Incorporation if available. • Effective October 4, 2021, file a $235 nonrefundable filing fee with each name change ... The entire oil program area will be made available to oil and gas leasing subject to applicable lease stipulations and required operating procedures. The BLM ... Read Section 11 AAC 25.290 - Request to amend lease, unit agreement, or royalty settlement agreement under AS 43.90.310 (b), 11 Alaska Admin. Section 11 AAC 25.280 - Lease amendment for switching between royalty-in-value and royalty-in-kind gas (a) A qualified person that has elected under AS ... Feb 4, 2008 — Start Preamble. AGENCY: Bureau of Land Management, Interior. ACTION: Final rule. SUMMARY: The Bureau of Land Management (BLM) is amending ... Jun 8, 2021 — Decision to Renew Lease. Alaska Clean Seas (ACS) is requesting to renew a current long-term lease on Tract 24A of ASLS. (a) The State Director Alaska, Bureau of Land Management, shall issue calls for Nominations and Comments on tracts for leasing for oil and gas in specified ... Alaska's North Slope: Requirements for Restoring Lands After Oil Production Ceases (05-JUN-02, GAO-02-357). This report discusses the nature and extent of ...

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

Alaska Amendment to Oil and Gas Lease to Correct Land Description