North Dakota Freestone Rider

State:
Multi-State
Control #:
US-OG-842
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

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FAQ

A Vertical Pugh Clause requires the Operator to release the rights below a defined vertical depth after the primary term of your lease expires. For example, all rights 100 feet below the deepest drilled depth or 100 feet below the deepest formation penetrated.

The Pugh Clause ? A clause in the Oil and Gas Lease which modifies usual pooling language to provide that drilling operations on or production from a pooled unit will not preserve the whole lease.

A phrase (usually contained in a Pugh clause in an oil & gas lease) that terminates the lease after the primary term as to all formations below a particular depth typically defined as the stratigraphic equivalent of the base of the deepest producing formation in the unit.

?Many land professionals are confused about what is a vertical and what is a horizontal pugh clause. LEGALLY ? a vertical pugh clause is one where all acreage outside of the well/unit boundaries must be released. LEGALLY ? a horizontal pugh clause is one where you must release acreage below a certain depth.

What is the Pugh clause in an oil and gas lease? A Pugh Clause is enforced to ensure that a lessee can be prevented from declaring all lands under an oil and gas lease as being held by production. This remains true even when production only takes place on a fraction of the property.

The point of a retained-acreage provision is to be able to seek a new opportunity to lease unworked land to a different lessee, one who might do something productive with it. A Pugh clause is a negotiated provision in favor of the lessor. Pugh clauses modify pooling/unitization rights.

The Pugh Clause 893 (1947). In this case the Louisiana Supreme Court held that production from a unit including a portion of a leased tract will maintain the lease in force as to all lands covered by the lease even if they are not contiguous.

A vertical Pugh Clause could present a lease to a specific depth. This could include about 150 feet below the drilled well. What this implies is that the lessee would be restricted to drilling to 150 feet. They wouldn't be able to go further.

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Oct 8, 2019 — A DISCUSSION OF THE PUGH CLAUSE: or, How Well Do You Know the Freestone Rider? The Permian Basin Landmen's Association. October 8, 2019. ... a few options are available (e.g., PDF or Word). Download the document. As soon as the Freestone Rider is downloaded you may fill out, print out and sign it in ...Dec 31, 2013 — referred to as a "freestone rider clause." See e.g., Utley v ... "undeveloped" triggering application of the above-quoted savings language. There are a total of over 400 forms: Leases, “addendums” or “riders” to add to leases, drafts, lease purchase reports, and other lease related forms. The “New” ... Sign up and sign in. Create a free account, set a strong password, and proceed with email verification to start working on your forms. Add a document. Click on ... Mineral Owner Resources: Leasing: The ND Oil and Gas Division does not calculate mineral values, review private lease information, or review any private ... A Practice Note discussing the Pugh clause, also referred to as a Freestone rider or retained acreage clause, found in many Texas oil & gas leases. Fill out a form here · Schedule Dealers Register · Login. Language. English · French ... North Dakota Motocross Association (NDMA) Motocross Series $123,825.00. I have been riding around the United States on my motorcycle towing a camper trailer for 4 years raising awareness and money for the cure to diabetes. Mar 13, 2013 — Oil industry worker Bobby Freestone enjoys a day off at a so-called "man camp" outside Watford, North Dakota, on October 20, 2012. #. Reuters ...

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North Dakota Freestone Rider