This form is a Rocky Mountain Lease agreement wherein Lessor grants, leases, and lets exclusively to Lessee the lands described within for the purposes of conducting seismic and geophysical operations, exploring, drilling, mining, and operating for, producing and owning oil, gas, sulfur, and all other minerals whether or not similar to those mentioned (collectively the oil or gas ), and the right to make surveys, lay pipelines, establish and utilize facilities for surface or subsurface disposal of salt water, construct roads and bridges, dig canals, build tanks, power stations, power lines, telephone lines, and other structures on the Lands, necessary or useful in Lessee's operations on the Lands or any other land adjacent to the Lands. This lease is a paid up lease and provides for pooling.
The Kansas Oil and Gas Lease — Rocky Mountain Paid U— - Form A is a legally binding contract that grants the lessee the right to explore, produce, and extract oil and gas reserves from a specific property in Kansas. This lease is commonly used in the Rocky Mountain region and comes in various types, each designed to address specific terms and conditions. Here are some different types of Kansas Oil and Gas Lease — Rocky Mountain Paid U— - Form A: 1. Primary Term Lease: This type of lease allows the lessee to explore and extract oil and gas reserves for a fixed period, typically ranging from one to five years. Once the primary term expires, the lessee may choose to renew the lease by paying a predetermined bonus or surrender the property to the lessor. 2. Secondary Term Lease: With this lease type, the lessee retains the right to explore and extract oil and gas reserves for an extended period beyond the primary term. The secondary term usually lasts as long as oil or gas is continuously produced from the property or until the reserves are depleted. 3. Royalty Lease: In a royalty lease, the royalty owner (lessor) receives a predetermined royalty percentage of the oil and gas proceeds from the property. The lessee is responsible for all exploration, production, and operational expenses required to extract and market the resources. 4. Working Interest Lease: Under a working interest lease, the lessee is both the operator and owner of a portion of the oil and gas rights in the leased property. The lessee assumes a share of the costs and risks associated with exploration and production activities in proportion to their working interest percentage. 5. Non-Participating Royalty Lease: In this type of lease, the lessor retains a fixed royalty interest, but relinquishes all or a portion of their right to participate in the exploration and production operations. The lessee assumes full responsibility for all costs and activities associated with developing the property. The Kansas Oil and Gas Lease — Rocky Mountain Paid U— - Form A is a comprehensive agreement that covers various aspects such as rental fees, drilling obligations, surface use stipulations, rights to assign or sublease, and remedies for breach of contract. It is crucial for both parties to thoroughly review and understand all terms and conditions before entering into such a lease agreement.The Kansas Oil and Gas Lease — Rocky Mountain Paid U— - Form A is a legally binding contract that grants the lessee the right to explore, produce, and extract oil and gas reserves from a specific property in Kansas. This lease is commonly used in the Rocky Mountain region and comes in various types, each designed to address specific terms and conditions. Here are some different types of Kansas Oil and Gas Lease — Rocky Mountain Paid U— - Form A: 1. Primary Term Lease: This type of lease allows the lessee to explore and extract oil and gas reserves for a fixed period, typically ranging from one to five years. Once the primary term expires, the lessee may choose to renew the lease by paying a predetermined bonus or surrender the property to the lessor. 2. Secondary Term Lease: With this lease type, the lessee retains the right to explore and extract oil and gas reserves for an extended period beyond the primary term. The secondary term usually lasts as long as oil or gas is continuously produced from the property or until the reserves are depleted. 3. Royalty Lease: In a royalty lease, the royalty owner (lessor) receives a predetermined royalty percentage of the oil and gas proceeds from the property. The lessee is responsible for all exploration, production, and operational expenses required to extract and market the resources. 4. Working Interest Lease: Under a working interest lease, the lessee is both the operator and owner of a portion of the oil and gas rights in the leased property. The lessee assumes a share of the costs and risks associated with exploration and production activities in proportion to their working interest percentage. 5. Non-Participating Royalty Lease: In this type of lease, the lessor retains a fixed royalty interest, but relinquishes all or a portion of their right to participate in the exploration and production operations. The lessee assumes full responsibility for all costs and activities associated with developing the property. The Kansas Oil and Gas Lease — Rocky Mountain Paid U— - Form A is a comprehensive agreement that covers various aspects such as rental fees, drilling obligations, surface use stipulations, rights to assign or sublease, and remedies for breach of contract. It is crucial for both parties to thoroughly review and understand all terms and conditions before entering into such a lease agreement.
