Kansas Legal Description and Well or Unit Information refer to crucial aspects of land and mineral rights documentation in the state of Kansas. These terms are frequently used in real estate transactions, land surveys, and oil and gas exploration and production. The Kansas Legal Description is a precise description of a property's boundaries, enabling accurate identification and demarcation of land parcels. This description typically includes information such as survey landmarks, distances, and direction, ensuring clarity in defining a property's location and size. A Kansas Legal Description adheres to the land surveying principles and methods standardized by the state. Well or Unit Information is vital in the context of oil and gas exploration and production. In Kansas, the documentation of wells and units is necessary to govern the extraction and distribution of oil, gas, and other valuable minerals. Various types of Well or Unit Information exist in Kansas, including: 1. Well Information: This pertains to the characteristics and details of individual wells, including their location, depth, production capacity, and regulatory compliance. Accurate well information is crucial for efficient drilling, maintenance, and regulatory reporting. 2. Unit Information: Units are geographically defined areas in which multiple mineral rights owners agree to pool their resources for extraction purposes. Kansas requires the formation of units to maximize resource recovery and ensure equitable distribution of royalties. Unit Information encompasses the delineation of unit boundaries, participating owners or operators, production allocations, and regulatory requirements. 3. Working Interest and Royalty Interest: These terms describe the specific stakes or ownership shares in a well or unit. Working Interest represents the ownership share responsible for the operational and financial obligations, while Royalty Interest refers to the share of production proceeds paid to the mineral rights' owner. Both are critical factors in negotiating and structuring oil and gas leases. Accurate Kansas Legal Description and Well or Unit Information are essential for proper land and mineral rights management, as well as facilitating transactions and regulatory compliance. These descriptions enable detailed mapping, precise valuation, and efficient decision-making within the realm of real estate, land development, and energy exploration.
Kansas Legal Description and Well or Unit Information
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The three types of legal descriptions you're likely to encounter include: Metes and bounds. Rectangular Survey System (also known as Public Land Survey System or government survey method) Plat method or lot and block method.
The Three Types of Legal Descriptions The Rectangular Survey. ... Lots and Blocks. ... Metes and Bounds.
A rectangular survey is read based on the state and meridian line and the property's location, directionally, to that line. The legal description includes the state name, the meridian name, the township and range directions, and usually the section number.
There are three main systems used to write the legal description of a property. These include the Rectangular Survey System, metes and bounds, and lot and block. The Rectangular Survey System is most often used to describe large areas for governmental purposes.
The legal description can be found on the deed to the property. If you do not have a copy of your deed one can be obtained at the Register of Deeds office. Please note that the legal description provided on tax statements are not a complete legal description.
Your appraised value is the basis for your property taxes, but actual tax rates apply to a different number: assessed value. Kansas has a statewide assessment percentage of 11.5%. This means that assessed value, which is the value on which you pay taxes, is equal to 11.5% of your home's appraised value.
The three types of legal descriptions you're likely to encounter include: Metes and bounds. Rectangular Survey System (also known as Public Land Survey System or government survey method) Plat method or lot and block method.
The metes and bounds description involves a method of describing a parcel of land by calls (course) and distances from an established beginning point and following boundary lines, either provided or given with terminal points and angles, back to the point of beginning.
