New Mexico 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. New Mexico Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease Keywords: New Mexico, conveyance, right, free use, gas, oil and gas lease Description: The New Mexico Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease refers to a legal process that grants the individual or entity the right to use the gas provided for in an oil and gas lease for free. This conveyance ensures that the lessee has the authority to utilize the gas resource without any additional costs incurred. There are various types of New Mexico Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease, including: 1. Fee Simple Absolute Conveyance: This type of conveyance grants the lessee the unrestricted and complete ownership and control over the gas resource provided for in the oil and gas lease. It allows for the free use of the gas without any limitations or obligations. 2. Limited Use Conveyance: In some cases, the conveyance may be limited, whereby the lessee is granted the right to make free use of the gas only for specific purposes or within certain boundaries. These limitations can be imposed by the lessor to ensure responsible and sustainable gas usage. 3. Temporary Conveyance: This type of conveyance allows the lessee to make free use of the gas provided for a limited period, typically during exploration or production phases. Once the designated period ends, the lessee may no longer have the right to make free use of the gas. 4. Conveyance with Restrictions: Some oil and gas leases may include restrictions on the free use of gas, even if it is provided for in the lease. These restrictions can include quantity limitations, usage restrictions, or geographic limitations, among others. The conveyance in such cases ensures that the lessee has the right to use the gas, but within the boundaries defined by the lessor. In summary, the New Mexico Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease is a legal mechanism that grants the lessee the right to utilize the gas resource without any additional costs. The type of conveyance can vary, including fee simple absolute conveyance, limited use conveyance, temporary conveyance, and conveyance with restrictions, depending on the terms agreed upon in the oil and gas lease agreement.

New Mexico Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease Keywords: New Mexico, conveyance, right, free use, gas, oil and gas lease Description: The New Mexico Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease refers to a legal process that grants the individual or entity the right to use the gas provided for in an oil and gas lease for free. This conveyance ensures that the lessee has the authority to utilize the gas resource without any additional costs incurred. There are various types of New Mexico Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease, including: 1. Fee Simple Absolute Conveyance: This type of conveyance grants the lessee the unrestricted and complete ownership and control over the gas resource provided for in the oil and gas lease. It allows for the free use of the gas without any limitations or obligations. 2. Limited Use Conveyance: In some cases, the conveyance may be limited, whereby the lessee is granted the right to make free use of the gas only for specific purposes or within certain boundaries. These limitations can be imposed by the lessor to ensure responsible and sustainable gas usage. 3. Temporary Conveyance: This type of conveyance allows the lessee to make free use of the gas provided for a limited period, typically during exploration or production phases. Once the designated period ends, the lessee may no longer have the right to make free use of the gas. 4. Conveyance with Restrictions: Some oil and gas leases may include restrictions on the free use of gas, even if it is provided for in the lease. These restrictions can include quantity limitations, usage restrictions, or geographic limitations, among others. The conveyance in such cases ensures that the lessee has the right to use the gas, but within the boundaries defined by the lessor. In summary, the New Mexico Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease is a legal mechanism that grants the lessee the right to utilize the gas resource without any additional costs. The type of conveyance can vary, including fee simple absolute conveyance, limited use conveyance, temporary conveyance, and conveyance with restrictions, depending on the terms agreed upon in the oil and gas lease agreement.