Oklahoma Amendment to Oil and Gas Lease to Amend Land Description to include Additional Lands

• Category: Oil Gas and Minerals - Amendments
• State: Multi-State
• Control #: US-OG-081
• Format: Word; Rich Text

Description

A lessor and lessee may desire to amend an existing lease to include additional lands. This form addresses that situation. Oklahoma Amendment to Oil and Gas Lease to Amend Land Description to include Additional Lands is a legal document that allows parties involved in an existing lease agreement to expand the boundaries of the leased property by adding additional lands. This amendment is commonly used in the oil and gas industry for extending the exploration and production activities to include adjacent or nearby lands. The amendment process involves updating the original lease agreement with a detailed description of the additional lands being included. The key purpose is to ensure clarity on the boundaries and rights associated with the newly added lands. This modification helps the parties to effectively explore and extract oil and gas resources from a wider area. Keywords: Oklahoma, Amendment, Oil and Gas Lease, Land Description, Additional Lands, lease agreement, boundaries, exploration, production activities, adjacent lands, nearby lands, resource extraction. Types of Oklahoma Amendment to Oil and Gas Lease to Amend Land Description to include Additional Lands: 1. Extension Amendment: This type of amendment allows for the inclusion of lands adjacent to the existing leased property, effectively expanding the lease's boundaries. 2. Contiguous Lands Amendment: This amendment is used when the new lands being added to the lease are directly connected to the current property, either physically or geologically. 3. Infill Amendment: In some cases, there might be small parcels or pockets of land within the leased area that were previously excluded. The infill amendment allows for the inclusion of these overlooked lands, ensuring a comprehensive lease coverage. 4. Non-Contiguous Lands Amendment: This type of amendment is applicable when the additional lands being included in the lease are not physically connected to the original property. These lands might be nearby or within a reasonable distance, allowing for increased exploration and production activities in a broader area. 5. Expansive Lands Amendment: In situations where significant land expansions are needed, an expansive lands' amendment is utilized. This amendment allows for the inclusion of a considerable amount of land, either contiguous or non-contiguous, to target potential oil and gas reserves. These types of amendments provide flexibility to the parties involved in an oil and gas lease, enabling them to adapt to changing circumstances and capitalize on new opportunities for resource exploration and extraction.

Oklahoma Amendment to Oil and Gas Lease to Amend Land Description to include Additional Lands is a legal document that allows parties involved in an existing lease agreement to expand the boundaries of the leased property by adding additional lands. This amendment is commonly used in the oil and gas industry for extending the exploration and production activities to include adjacent or nearby lands. The amendment process involves updating the original lease agreement with a detailed description of the additional lands being included. The key purpose is to ensure clarity on the boundaries and rights associated with the newly added lands. This modification helps the parties to effectively explore and extract oil and gas resources from a wider area. Keywords: Oklahoma, Amendment, Oil and Gas Lease, Land Description, Additional Lands, lease agreement, boundaries, exploration, production activities, adjacent lands, nearby lands, resource extraction. Types of Oklahoma Amendment to Oil and Gas Lease to Amend Land Description to include Additional Lands: 1. Extension Amendment: This type of amendment allows for the inclusion of lands adjacent to the existing leased property, effectively expanding the lease's boundaries. 2. Contiguous Lands Amendment: This amendment is used when the new lands being added to the lease are directly connected to the current property, either physically or geologically. 3. Infill Amendment: In some cases, there might be small parcels or pockets of land within the leased area that were previously excluded. The infill amendment allows for the inclusion of these overlooked lands, ensuring a comprehensive lease coverage. 4. Non-Contiguous Lands Amendment: This type of amendment is applicable when the additional lands being included in the lease are not physically connected to the original property. These lands might be nearby or within a reasonable distance, allowing for increased exploration and production activities in a broader area. 5. Expansive Lands Amendment: In situations where significant land expansions are needed, an expansive lands' amendment is utilized. This amendment allows for the inclusion of a considerable amount of land, either contiguous or non-contiguous, to target potential oil and gas reserves. These types of amendments provide flexibility to the parties involved in an oil and gas lease, enabling them to adapt to changing circumstances and capitalize on new opportunities for resource exploration and extraction.