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District of Columbia Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties

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This power of attorney grants the agent/attorney in fact more comprehensive powers in dealing with oil and gas properties. By being durable, it allows the agent to execute oil and gas leases and otherwise deal with properties after the disability or incapacity of the principal/owner.

A District of Columbia Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties is a legal document that gives authority to an appointed agent to act on behalf of the principal in matters related to oil and gas leases and properties. This specific type of power of attorney is designed for individuals or companies who own or have an interest in oil and gas properties in the District of Columbia. The Durable Special Power of Attorney grants the agent the right to execute oil and gas leases, which allows them to negotiate and enter into contracts with oil and gas companies for the exploration, extraction, and production of oil and gas resources on behalf of the principal. Attendant instruments refer to any additional legal documents or agreements related to the oil and gas leases, such as amendments, assignments, or renewals. In addition to executing leases and attendant instruments, the agent is also authorized to deal with oil and gas properties on behalf of the principal. This may include managing and overseeing the operation and maintenance of the properties, handling legal and financial matters, and making decisions regarding the use, sale, or acquisition of these properties. There may be different variations or types of District of Columbia Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties, each tailored to the specific needs and preferences of the principal. These variations may include specific instructions on the duration of the power of attorney, the scope of authority granted to the agent, limitations or restrictions on the agent's actions, and the ability for the principal to revoke or modify the power of attorney at any time. When drafting or executing a District of Columbia Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties, it is crucial to consult with a qualified attorney to ensure that all legal requirements and considerations are met. This will help protect the interests of the principal and ensure that the agent is authorized to act within the bounds of the law.

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FAQ

A Washington D.C. durable power of attorney allows a resident (?principal?) to select someone else (?agent?) to handle any type of financial decision on their behalf. The agent will be able to continue to make the financial powers listed in the form even after the principal should become incapacitated.

What is the granting clause? The granting clause is the clause under which the owner of the oil and gas rights leases the oil and gas rights to the oil and gas company along with the right to develop the oil and gas on a specifically described piece of real estate.

This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself.

Limited (Special) Power of Attorney Gives an agent the authority to complete a specific task, and usually ends when the task has been executed. Signing Requirements: Notary public.

Steps for Making a Financial Power of Attorney in D.C. Create the POA Using a Statutory Form, Software, or Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent. ... File a Copy With the Land Records Office. ... Consider Giving a Copy to Financial Institutions.

A Washington D.C. limited power of attorney form allows you to choose someone to handle a specific task on your behalf. The person choosing someone else (the ?principal?) is required to sign the form in the presence of a notary public for it to become in effect.

§ 21?2601.05. (b) A power of attorney executed under this chapter is not valid unless it is acknowledged before a notary public or other individual authorized by law to take acknowledgment. (Feb. 23, 2023, D.C. Law 24-236, § 2(d), 69 DCR 14660.)

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District of Columbia Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties