This form is used when the Lessor desires to sell, subdivide, or partition all or a part of the lands covered by the Lease (the Lands ), and has requested a partial waiver of surface use of certain portions of the Lands subject to the Lease, and a waiver is agreeable to Lessee. This Agreement relates solely to the surface use and does not in any other way affect or diminish the Lessee's rights, interests and estate under the Lease.
Kentucky Agreement Waiving Surface Use by Oil and Gas Lessee
State:
Multi-State
Control #:
US-OG-655
Format:
Word;
Rich Text
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FAQ
Gas and oil leases can be divided into commence leases and completion leases that require commencement or completion of a well during the first term. Oil and gas lease deeds can be of different types. In some leases, the lessee is obligated to drill a well or pay rental. Such leases are 'drill or pay' leases. Leases - Oil and Gas - USLegal USLegal ? leases USLegal ? leases
A surface use agreement, which is also sometimes referred to as a land use agreement, is an agreement between the landowner and an oil and gas company or an operator for the use of the landowner's land in the development of the oil and gas.
A top lease is an oil and gas lease covering a mineral estate that is cur- rently under a valid, existing oil and gas lease. The top lease has been de- scribed as a "partial alienation of a possibility of reverter"3 and as a "present. grant of a future interest."14 In oil and gas terms, the prior lease is frequently. Top Leasing for Oil and Gas: The Legal Perspective du.edu ? cgi ? viewcontent du.edu ? cgi ? viewcontent
An oil or gas lease is a legal document where a landowner grants an individual or company the right to extract oil or gas from beneath the landowner's property. Courts generally find leases to be legally binding, so it is very important that you understand all the terms of a lease before you sign it. Oil & Gas Leases - NCDOJ NCDOJ (.gov) ? ... ? Energy & Utilities NCDOJ (.gov) ? ... ? Energy & Utilities
Is there more than one type of oil and gas lease? Yes, there are three types: a surface use lease, a non-surface use lease, and a dual purpose lease.