North Carolina Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-100
• Format: Word; Rich Text

Description

If a lessor has retained the right to use gas, this form provides for the transfer of this right to the surface owner of the lands covered by the oil and gas lease granted by the lessor. A North Carolina Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease is a legal document that grants the right to use and extract gas from a property that is covered by an oil and gas lease in the state of North Carolina. This conveyance ensures that the owner or lessee of the property has the authority to freely access and utilize the gas resources specified in the lease agreement. Keywords: North Carolina, conveyance, right to make free use, gas, oil and gas lease There are two main types of North Carolina Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease: 1. Individual Conveyance: This type of conveyance occurs when a specific individual or entity is granted the right to make free use of gas from a designated property covered under an oil and gas lease. It includes detailed information such as the name of the grantee, the address of the property, the duration of the conveyance, and any restrictions or conditions imposed on the use of the gas. 2. Assignment of Rights: This type of conveyance involves the transfer of the right to make free use of gas from one party to another. It frequently occurs when the original grantee wishes to sell, assign, or transfer their rights to another individual or company. The assignment typically includes details about both the assignor (original grantee) and the assignee (new recipient), as well as the terms and conditions of the transfer. In conclusion, a North Carolina Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease is a legally binding document that grants the right to extract and utilize gas resources from a property covered by an oil and gas lease in North Carolina. The conveyance can take the form of an individual grant to a specific party or an assignment of rights from one party to another. It is crucial for both parties involved to thoroughly understand the terms and conditions outlined in the conveyance agreement to ensure compliance and protection of their rights.

A North Carolina Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease is a legal document that grants the right to use and extract gas from a property that is covered by an oil and gas lease in the state of North Carolina. This conveyance ensures that the owner or lessee of the property has the authority to freely access and utilize the gas resources specified in the lease agreement. Keywords: North Carolina, conveyance, right to make free use, gas, oil and gas lease There are two main types of North Carolina Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease: 1. Individual Conveyance: This type of conveyance occurs when a specific individual or entity is granted the right to make free use of gas from a designated property covered under an oil and gas lease. It includes detailed information such as the name of the grantee, the address of the property, the duration of the conveyance, and any restrictions or conditions imposed on the use of the gas. 2. Assignment of Rights: This type of conveyance involves the transfer of the right to make free use of gas from one party to another. It frequently occurs when the original grantee wishes to sell, assign, or transfer their rights to another individual or company. The assignment typically includes details about both the assignor (original grantee) and the assignee (new recipient), as well as the terms and conditions of the transfer. In conclusion, a North Carolina Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease is a legally binding document that grants the right to extract and utilize gas resources from a property covered by an oil and gas lease in North Carolina. The conveyance can take the form of an individual grant to a specific party or an assignment of rights from one party to another. It is crucial for both parties involved to thoroughly understand the terms and conditions outlined in the conveyance agreement to ensure compliance and protection of their rights.