What is an oil and gas leasehold?

An oil or gas lease is a legal document where a landowner grants an individual or company the right to extract oil or gas from beneath the landowner's property. Courts generally find leases to be legally binding, so it is very important that you understand all the terms of a lease before you sign it.

US Legal Forms
Assignment of Oil and Gas Lease by Original Lessee...

California Assignment of Oil and Gas Lease by Original Lessee, Short Form

Name: California Assignment of Oil and Gas Lease by Original Lessee, Short Form
Brand: US Legal Forms
Rating: 4.56 (378 reviews)

Category:

Oil Gas and Minerals - Assignments

State:

Multi-State

Control #:

US-OG-277

Format:

Instant download

Description

This form is used when Assignor sells, conveys, and assigns to Assignee, all of Assignor's rights, title and interests in the Lease, without warranty of title, express or implied.

Letters of Temporary Guardianship or Conse...

View this form

Letter from Tenant to Landlord with Demand...

View this form

How to fill out California Assignment Of Oil And Gas Lease By Original Lessee, Short Form?

You may spend several hours on the Internet attempting to find the legal file design which fits the federal and state demands you want. US Legal Forms offers a large number of legal types which can be analyzed by professionals. You can easily download or produce the California Assignment of Oil and Gas Lease by Original Lessee, Short Form from your support.

If you have a US Legal Forms account, you are able to log in and click the Obtain option. Next, you are able to comprehensive, modify, produce, or indication the California Assignment of Oil and Gas Lease by Original Lessee, Short Form. Every legal file design you acquire is your own eternally. To get one more copy associated with a obtained develop, proceed to the My Forms tab and click the related option.

If you use the US Legal Forms website for the first time, adhere to the basic recommendations below:

First, be sure that you have selected the proper file design for the county/city of your liking. Look at the develop outline to make sure you have selected the right develop. If readily available, use the Review option to look throughout the file design too.
If you want to find one more variation from the develop, use the Search discipline to obtain the design that meets your needs and demands.
After you have identified the design you want, click on Get now to move forward.
Pick the rates strategy you want, enter your references, and register for an account on US Legal Forms.
Comprehensive the financial transaction. You may use your bank card or PayPal account to fund the legal develop.
Pick the structure from the file and download it to the device.
Make changes to the file if possible. You may comprehensive, modify and indication and produce California Assignment of Oil and Gas Lease by Original Lessee, Short Form.

Obtain and produce a large number of file web templates using the US Legal Forms website, that offers the largest variety of legal types. Use skilled and state-particular web templates to tackle your company or specific requires.

Form Rating

4.56

Satisfied(378)

Form popularity

FAQ

An oil or gas lease is a legal document where a landowner grants an individual or company the right to extract oil or gas from beneath the landowner's property. Courts generally find leases to be legally binding, so it is very important that you understand all the terms of a lease before you sign it.

Held by production is an oil & gas industry term indicating a property is under lease and that the lease is being perpetuated in the secondary term by the production of oil or gas in paying quantities. An oil & gas may be in HBP status for many years if the wells located on the leased land keep producing.

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.

- Lessor -The owner of the minerals that grants the lease. - Lessee -The oil and gas developer that takes the lease. - Primary Term-Length of time the Lessee has to establish production by drilling a well on the lands subject to the lease. Generally, primary terms run from one to ten years.

Is there more than one type of oil and gas lease? Yes, there are three types: a surface use lease, a non-surface use lease, and a dual purpose lease.

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.

Noun. : a deed by which a landowner authorizes exploration for and production of oil and gas on his land usually in consideration of a royalty.

Interesting Questions

More info

Download the Sacramento Assignment of Oil and Gas Lease by Original Lessee, Short Form in the file format you require. Print the copy or complete it and ... MARK WEBSTER, ASSIGNOR AND COBRA OIL & GAS COMPANY, ASSIGNEE. LESSOR: Ivol A Ferguson, a widow. LESSEE: J. Mark Webster. DATE: August 26th, 2005. DESCRIPTION ...... the original lessee or permittee, any conditions in the assignment, transfer or sublease to the contrary notwithstanding. Any assignment or transfer of a ... This form is used when Assignor sells, conveys, and assigns to Assignee, all of Assignor's rights, title and interests in the Lease, without warranty of ... BASIC OIL AND GAS FORMS PROGRAM · Assignment (Undivided Interest in Producing Lease) · Assignment and Bill of Sale (To Life Tenant and Remainderman) · Assignment ... by RE Sullivan · 1955 · Cited by 10 — Every transfer of an interest in the lease by an oil and gas lessee is not ... in the lease because the privity of contract with the original lessor continues to ... There is an approved application for permit to drill (APD) on the lease; or. • There is an unplugged well on the lease. The lessee, sublessee or an Operator may ... Upload a document. Click on New Document and select the form importing option: upload Assignment of Oil and Gas Lease by Original Lessee, Short Form from your ... (hereinafter called the "Lessee"). In consideration of any cash payment heretofore made by the Lessee to the Lessor and in consideration of the promises, ... no event will the price paid Lessor for Lessor's share of gas be less than the price paid Lessee for ... Lessee, but this Lease shall be extended for a period of ...

California Assignment of Oil and Gas Lease by Original Lessee, Short Form

Description

Related forms

Viewed forms

How to fill out California Assignment Of Oil And Gas Lease By Original Lessee, Short Form?

Show more info

Form Rating

Form popularity

FAQ

What is an oil and gas leasehold?

What is HBP in oil and gas?

What is the assignment of oil and gas lease?

What is a lessee in oil and gas?

What are the different types of oil and gas leases?

Is oil and gas lessor the same as lessee?

What is a lease in the oil field?

Interesting Questions

What is an assignment of oil and gas lease by the original lessee?

Why would the original lessee want to assign their oil and gas lease?

What is a short form assignment of oil and gas lease?

How is a short form assignment different from a regular assignment?

What important elements should be included in an assignment of oil and gas lease?

Can the original lessee assign their lease without permission?

What are the potential risks for the original lessee in assigning their lease?

Can the original lessee receive compensation for assigning their lease?

What steps should the original lessee take before assigning their lease?

Can an oil and gas lease be assigned multiple times?

More info

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