Kansas Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage)

State:
Multi-State
Control #:
US-OG-930
Format:
Word; 
Rich Text
Instant download

Description

This form is an amendment to oil, gas and mineral lease to provide for gas storage.
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FAQ

In Kansas, like in many other states, the mineral estate is considered as being 'dominant' over the surface estate to allow the owner of the oil, gas and other minerals to exploit and extract the gas and oil from underneath the land, and to use as much of the surface estate as is necessary to explore for and develop ...

Kansas consumes about twice as much natural gas as it produces, and the state has 16 natural gas underground storage fields that can hold 283 billion cubic feet of natural gas, equal to about 3% of U.S. storage capacity.

In the United States, mineral rights can be sold or conveyed separately from property rights. As a result, owning a piece of land does not necessarily mean you also own the rights to the minerals beneath it. If you didn't know this, you're not alone. Many property owners do not understand mineral rights.

Kansas State Mineral: Galena.

Mineral rights can expire if the owner does not renew them or if they go unclaimed for a certain period of time. Mineral rights can also be sold, fractionalized, or transferred through gifting or inheritance.

In Kansas, the landowner usually owns the subsurface rights, but sometimes these rights have been severed, or separated from the surface ownership. Severance of mineral rights occurs when the owner of both the surface and mineral rights sells or grants by deed the mineral rights underlying their property.

In Kansas, the landowner usually owns the subsurface rights, but sometimes these rights have been severed, or separated from the surface ownership. Severance of mineral rights occurs when the owner of both the surface and mineral rights sells or grants by deed the mineral rights underlying their property.

Under the Act, if an owner of a severed mineral interest has not used the mineral interest for a continuous period of 20 years or more, the owner of the surface estate may, after giving notice to the severed mineral interest owner, extinguish the severed mineral interest and reunite the interest with the surface estate ...

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Kansas Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage)