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.
The Ohio Reservation of Additional Interests in Production refers to a legal provision which grants specific rights and interests to landowners in the state of Ohio when it comes to the production and extraction of natural resources, particularly oil and gas. This provision ensures that landowners maintain certain benefits and control over their properties even after leasing or selling them for resource extraction purposes. One type of Ohio Reservation of Additional Interests in Production is known as the "Royalty Interest Reservation." This reservation type entitles the landowner to a percentage of the income generated from the production and sale of extracted resources, such as oil and gas. It ensures a royalty payment to the landowner, regardless of the ownership transfer or lease agreement. This serves as a beneficial provision for landowners, as it allows them to continuously benefit from the resources extracted from their properties. Another type of reservation is the "Surface Use Reservation." This type of reservation grants the landowner the right to retain control over and use of the surface of the land, even when it has been leased or sold for resource extraction. It ensures that the landowner can continue to utilize and maintain the surface, enabling activities such as farming, construction, or any other purpose not interfering with the production process. Surface Use Reservations are essential for protecting landowner rights in Ohio, preventing any excessive disruption to their properties. Furthermore, there is the "Pugh Clause" in Ohio's Reservation of Additional Interests in Production. The Pugh Clause allows landowners to limit the area in which a lease remains in effect for the purpose of resource extraction. This clause ensures that leased areas only encompass the actual productive portions, leaving the non-productive portions of the land free for other activities or future leasing opportunities. The Pugh Clause provides an important safeguard for landowners, preventing a situation where their entire property remains tied up in a lease without being utilized for extraction. Overall, the Ohio Reservation of Additional Interests in Production is a legal mechanism that safeguards landowner rights and interests during resource extraction activities, such as oil and gas production. It includes reservations such as Royalty Interest Reservation, Surface Use Reservation, and the inclusion of a Pugh Clause. These provisions help to create a fair balance between the rights of landowners and the companies carrying out resource extraction in Ohio.
