Alabama Agreement Designating Agent to Lease Mineral Interests

State:
Multi-State
Control #:
US-OG-016
Format:
Word; 
Rich Text
Instant download

Description

This agreement provides for a mineral owner to designate a person as his/her agent for purposes of dealing with third parties, and representing the owner in leasing mineral interests. The agreement sets out, in detail, the lease terms, the compensation to be paid to the agent, and the method of delivering compensation.
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  • Preview Agreement Designating Agent to Lease Mineral Interests
  • Preview Agreement Designating Agent to Lease Mineral Interests
  • Preview Agreement Designating Agent to Lease Mineral Interests
  • Preview Agreement Designating Agent to Lease Mineral Interests
  • Preview Agreement Designating Agent to Lease Mineral Interests
  • Preview Agreement Designating Agent to Lease Mineral Interests
  • Preview Agreement Designating Agent to Lease Mineral Interests

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FAQ

As a mineral rights value rule of thumb, the 3X cash flow method is often used. To calculate mineral rights value, multiply the 12-month trailing cash flow by 3. For a property with royalty rights, a 5X multiple provides a more accurate valuation (stout.com).

Yes, it can be beneficial to sell your mineral rights for a fair price, even producing rights. First, sellers must be aware of the different stages of the production process. They must also know the value their minerals and royalties command in every development stage.

Hear this out loud PauseFor quotations that are more than four lines of prose or three lines of verse, place quotations in a free-standing block of text and omit quotation marks. Start the quotation on a new line, with the entire quote indented 1/2 inch from the left margin while maintaining double-spacing.

MLA Citation Format: Author last name, author first name (if applicable) Title of article (in quotation marks) Name of newspaper (italicized), city of publication if needed, such as local, less-known newspapers (square brackets, not italicized) Other Contributors. Version or Edition. Issue Number. Publication Date.

Hear this out loud PauseParaphrasing. When you write information or ideas from a source in your own words, cite the source by adding an in-text citation at the end of the paraphrased portion, like this: ?This is a paraphrase (Smith 8). This is a paraphrase ("Trouble" 22).

Suspensions under Section 39 of the MLA suspend both operations and production activities. Section 39 suspensions may be directed or granted by the Authorized Officer (AO) only in the interest of conservation of natural resources.

Hear this out loud PauseNOTE: In the new MLA format, paragraph numbers are no longer used for publications without page numbers. If the paragraphs are numbered, you would include (para. 10) to indicate the paragraph.

An assignment of oil and gas lease is a contractual agreement between a landowner and an oil or gas company in which the company gains the right to explore for, develop, and produce oil and gas from the property.

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Alabama Agreement Designating Agent to Lease Mineral Interests