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New York Notice of Claim of Breach of Oil, Gas, and Mineral Lease by the original Lessor's Successor

Name: New York Notice of Claim of Breach of Oil, Gas, and Mineral Lease by the original Lessor's Successor
Brand: US Legal Forms
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Category:

Oil Gas and Minerals - Notices

State:

Multi-State

Control #:

US-OG-107

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Instant download

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Most leases require a lessor give a lessee a written notice of any claimed breach of the lease. The lessee is usually granted a period of time in which to remedy the breach before a claim can be made for damages or that the lease is terminated. This form is a second notice to a lessee. It is prepared for signature by the successor to the original lessor. It provides that a letter has been sent to the lessee notifying the lessee of the claimed breach. This notice, once recorded, is constructive notice that the lease is deemed to have expired for failure of the lessee to remedy the claimed breach. A New York Notice of Claim of Breach of Oil, Gas, and Mineral Lease by the original Lessor's Successor is a legal document filed by the current successor of the original lessor in the state of New York. This notice is used to formally declare that the lessee (the party who has been granted rights to extract oil, gas, or minerals from a specific land) has breached the terms and conditions outlined in the lease agreement. The purpose of this notice is to inform the lessee of their non-compliance and potentially initiate legal action or seek remedies for damages caused by the breach. Keywords: New York, Notice of Claim, Breach of Oil Lease, Breach of Gas Lease, Breach of Mineral Lease, Original Lessor's Successor. Different types of New York Notice of Claim of Breach of Oil, Gas, and Mineral Lease by the original Lessor's Successor include: 1. New York Notice of Claim of Breach of Oil Lease by the original Lessor's Successor: This notice specifically deals with the breach of terms and conditions related to oil extraction in the lease agreement. 2. New York Notice of Claim of Breach of Gas Lease by the original Lessor's Successor: This type of notice addresses the breach of terms and conditions specifically pertaining to gas extraction in the lease agreement. 3. New York Notice of Claim of Breach of Mineral Lease by the original Lessor's Successor: This notice focuses on the breach of terms and conditions related to the extraction of other minerals (such as coal, gold, silver, etc.) in the lease agreement. Each type of notice of claim seeks to address breaches related to a specific type of resource extraction, ensuring that the lessee is held accountable for their actions and that the original lessor's successor has the legal grounds to seek appropriate remedies and compensation for the damages caused.

A New York Notice of Claim of Breach of Oil, Gas, and Mineral Lease by the original Lessor's Successor is a legal document filed by the current successor of the original lessor in the state of New York. This notice is used to formally declare that the lessee (the party who has been granted rights to extract oil, gas, or minerals from a specific land) has breached the terms and conditions outlined in the lease agreement. The purpose of this notice is to inform the lessee of their non-compliance and potentially initiate legal action or seek remedies for damages caused by the breach. Keywords: New York, Notice of Claim, Breach of Oil Lease, Breach of Gas Lease, Breach of Mineral Lease, Original Lessor's Successor. Different types of New York Notice of Claim of Breach of Oil, Gas, and Mineral Lease by the original Lessor's Successor include: 1. New York Notice of Claim of Breach of Oil Lease by the original Lessor's Successor: This notice specifically deals with the breach of terms and conditions related to oil extraction in the lease agreement. 2. New York Notice of Claim of Breach of Gas Lease by the original Lessor's Successor: This type of notice addresses the breach of terms and conditions specifically pertaining to gas extraction in the lease agreement. 3. New York Notice of Claim of Breach of Mineral Lease by the original Lessor's Successor: This notice focuses on the breach of terms and conditions related to the extraction of other minerals (such as coal, gold, silver, etc.) in the lease agreement. Each type of notice of claim seeks to address breaches related to a specific type of resource extraction, ensuring that the lessee is held accountable for their actions and that the original lessor's successor has the legal grounds to seek appropriate remedies and compensation for the damages caused.

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A savings clause in an oil & gas lease that keeps the lease in effect after a once-productive well stops producing oil or gas if certain conditions are met. Cessation of Production Clause (US) | Practical Law - Westlaw westlaw.com ? document ? Cessation... westlaw.com ? document ? Cessation...

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-and-utilities ? oil-gas-leases ncdoj.gov ? energy-and-utilities ? oil-gas-leases

What is a Held-By-Production Clause? "Held by production" is a provision in an oil or natural gas property lease that allows the lessee, generally an energy company, to continue drilling activities on the property as long as it is economically producing a minimum amount of oil or gas.

A cessation of production savings clause is primarily intended to prevent termination of the lease immediately upon the cessation of production, whether during the primary term, secondary term, or both.

in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.

If the lease does not contain a cessation of production clause, the lessee may nevertheless be protected by the common law ?temporary cessation of production? doctrine. This doctrine allows the lessee to avoid lease termination by establishing that the cessation of production is only temporary.

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This form is a second notice to a lessee. It is prepared for signature by the successor to the original lessor. It provides that a letter has been sent to the ... Click on New Document and choose the file importing option: upload Notice of Claim of Breach of Oil, Gas, and Mineral Lease by the original Lessor's Successor ...Exploration companies employ or contract with a professional called a "landman" to acquire leases of mineral rights to land with potential reserves of oil and ... Lessee may obtain the Option Lease only by providing timely written notice to Lessor of its exercise of the option and the payment of the amount stated in ... Mar 7, 2019 — G. The Parties wish to terminate the Amended Agreement as to certain of the mining claims and all of the mineral leases; supersede and replace ... by E Norwood · 2005 — Company A does not seek to enter a joint operating agreement with Company B and in fact, Company A proceeds as if it has a lease on the entire mineral estate. (ii) A person that sells oil, gas or other minerals at the wellhead or minehead ... Unless notice of a claim for breach of warranty is given to the warrantor ... Plaintiffs have alleged that defendants' actions in polluting plaintiffs' land and failing to restore that land to its original condition constitute a breach of ... The due diligence checklist for every acquisition of oil and gas properties includes “consents to assign” and “preferential rights. Any claim or right arising out of an alleged default or breach of warranty may be ... If a lessee's cover is by lease agreement that for any reason does not ...

New York Notice of Claim of Breach of Oil, Gas, and Mineral Lease by the original Lessor's Successor

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How to fill out New York Notice Of Claim Of Breach Of Oil, Gas, And Mineral Lease By The Original Lessor's Successor?

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FAQ

What is the cessation of production clause?

What is an oil and gas lease?

What is a production clause?

What is the cessation of production?

What is the shut-in clause on an oil and gas lease?

What is the temporary cessation of production doctrine?

Interesting Questions

What is a Notice of Claim of Breach of Oil, Gas, and Mineral Lease?

Who can file a Notice of Claim of Breach of Oil, Gas, and Mineral Lease?

What happens if a breach of the lease agreement is alleged?

Does the Notice of Claim of Breach of Oil, Gas, and Mineral Lease require any specific information?

What remedies can the successor lessor seek through the Notice of Claim?

How should the recipient of the Notice of Claim respond?

What is the timeline for responding to a Notice of Claim?

Can the parties attempt mediation or negotiation to resolve the dispute after receiving a Notice of Claim?

What happens if the lessee is found to be in breach of the lease agreement?

What should I do if I receive a Notice of Claim of Breach of Oil, Gas, and Mineral Lease?

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