If a lease will expire, by its own terms, and the lessee desires to maintain the lease in effect by the payment of bonus, rather than commencing operations, and the terms of the original lease continue to be acceptable to the lessor, the parties may elect to amend the existing lease to extend the primary term, rather than entering into a new lease. This form addresses that situation.
Florida Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals
Category:
State:
Multi-State
Control #:
US-OG-343
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Amendment To Oil And Gas Lease To Extend Primary Term, With No Additional Rentals?
Have you been in the placement where you need papers for possibly organization or individual reasons just about every working day? There are plenty of lawful papers layouts available on the Internet, but locating kinds you can trust is not easy. US Legal Forms offers 1000s of form layouts, just like the Florida Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals, that are composed to fulfill federal and state needs.
If you are already informed about US Legal Forms internet site and also have a merchant account, merely log in. After that, you are able to down load the Florida Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals template.
Unless you come with an account and would like to begin to use US Legal Forms, follow these steps:
- Get the form you want and make sure it is for your appropriate town/county.
- Make use of the Preview key to examine the shape.
- See the explanation to actually have selected the right form.
- When the form is not what you are trying to find, take advantage of the Search field to get the form that fits your needs and needs.
- Whenever you discover the appropriate form, click on Buy now.
- Opt for the costs strategy you want, fill out the required info to generate your account, and purchase an order making use of your PayPal or Visa or Mastercard.
- Decide on a convenient document format and down load your copy.
Find all the papers layouts you possess bought in the My Forms food list. You may get a extra copy of Florida Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals anytime, if possible. Just go through the needed form to down load or produce the papers template.
Use US Legal Forms, by far the most substantial selection of lawful varieties, to save lots of time and steer clear of faults. The support offers expertly produced lawful papers layouts which can be used for a range of reasons. Generate a merchant account on US Legal Forms and start generating your life a little easier.
Form popularity
FAQ
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.
What is an Assignment Of Oil And Gas Lease? 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.
The primary term is the initial period during which a well may be drilled. If a successful well is drilled within the primary term, the lease will extend for as long as the well remains productive. If a well is not drilled within the primary term, the lease will usually expire. The Significance Of The Primary Term On Oil And Gas Leases - Foster Swift fosterswift.com ? communications-Significa... fosterswift.com ? communications-Significa...
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. Oil and Gas Leasing - Earthworks earthworks.org ? issues ? oil-and-gas-leasing earthworks.org ? issues ? oil-and-gas-leasing
The period of time in the life of an oil & gas lease that begins after the expiration of the primary term. Production, operations, continuous drilling, or shut-in royalty payments are most often used to extend an oil & gas lease into its secondary term. Secondary Term of an Oil & Gas Lease (US) - Westlaw westlaw.com ? Glossary ? PracticalLaw westlaw.com ? Glossary ? PracticalLaw
By way of background, a ?free use? clause is a provision in an oil/gas lease which gives the lessee the right to use gas produced from the leasehold.
ASSIGNMENT: The legal instrument whereby Oil and Gas Leases or Overriding Royalty interests are assigned or conveyed. ASSIGNMENT CLAUSE: A clause in any legal instrument that allows either party to the contract to assign all or part of his or her interest to others. Fee Definitions ihsenergy.com ? landstudio ? help ? fe... ihsenergy.com ? landstudio ? help ? fe...
The primary term is the initial period during which a well may be drilled. If a successful well is drilled within the primary term, the lease will extend for as long as the well remains productive. If a well is not drilled within the primary term, the lease will usually expire.