Oklahoma Gas Processing Rights Agreement, also known as the Oklahoma Gas Royalty Agreement, is a legal contract that outlines the rights and obligations between mineral owners and gas processing companies. This agreement allows gas processing companies to extract, process, and transport natural gas and its byproducts from privately owned mineral rights in the state of Oklahoma. The Oklahoma Gas Processing Rights Agreement generally covers aspects such as: 1. Exclusive Rights: It grants the gas processing company exclusive rights to process and transport the natural gas extracted from the specified mineral rights owned by the mineral owner. 2. Term: The agreement specifies the duration for which the gas processing company will have the rights to process the gas. It could be a fixed period, such as 5 or 10 years, or it may be based on the depletion of reserves in the specific mineral rights. 3. Royalty Payments: The agreement outlines the royalty payments the mineral owner will receive for granting the gas processing rights. This is typically a percentage of the revenue generated from the sale of natural gas and its byproducts. 4. Infrastructure and Facilities: The agreement may include provisions for the construction, operation, and maintenance of necessary infrastructure, such as pipelines, compressor stations, and processing plants, on the mineral owner's property or adjacent land. 5. Environmental and Safety Regulations: It stipulates that the gas processing company must comply with all applicable environmental regulations and safety standards during the processing and transportation of natural gas. 6. Reporting and Auditing: The agreement may require the gas processing company to provide regular reports and allow the mineral owner to conduct audits to verify the accuracy of royalty payments. 7. Reclamation and Site Restoration: It may include provisions for the gas processing company to reclaim and restore the land to its original condition once the processing activities in the specified mineral rights have ceased. Different types of Oklahoma Gas Processing Rights Agreement may include variations in terms such as royalty rates, duration, infrastructure requirements, and other specific provisions tailored to the unique circumstances of each agreement. Some agreements may also include additional clauses related to gas storage rights or joint operation agreements between multiple mineral owners.
Oklahoma Gas Processing Rights Agreement
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How to fill out Oklahoma Gas Processing Rights Agreement?
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FAQ
In Oklahoma, mineral rights can be separated from surface rights. An owner of a parcel of land can sell and lease the rights to the minerals beneath the surface. Moreover, these rights can be fractionalized across a number of owners. In the Sooner State, the mineral estate is the dominant estate.
Sand or gravel areas in the bottom of valleys will often be home to groundwater. These layers can be covered by clay or silt, so it's prudent to check these areas thoroughly. Natural springs usually indicate groundwater is nearby. A spring that flows year-round will likely reveal a productive aquifer.
Notice of Intent to Drill a Groundwater Well Authorization will not be issued for any well location that does not have an active groundwater use permit. Please contact Charles O'Malley or Jacob Hernandez at (405) 530-8800 for an authorization PIN, and then use the link below to apply.
A Pugh Clause terminates the lease as to the portions of the land that are not included in a unit if the lessee does not conduct independent operations. Therefore, the Pugh Clause requires the lessee to develop areas of the lease that are not included in a unit.
The statutory minimum is 1/8th or 12.5%, but it may be as high as 1/4th, or 25%. Since the 1990s, Oklahoma royalties have typically been at least 18.75 percent, but 20 to 25 percent is not unheard of for Oklahoma mineral owners.
Well Drilling Costs By State StateAverage Cost Per FootOklahoma$27 ? $58Oregon$27 ? $59Pennsylvania$28 ? $61Rhode Island$29 ? $6444 more rows ?
The OWRB has language similar to section 1020.3 in its administrative regulations: Any landowner has a right to take groundwater from land owned by him for domestic use as defined herein without a permit. Wells for domestic use are not subject to well spacing orders but are subject to sanctions against waste.
Notice of Intent to Drill a Groundwater Well Any well drilling contractor who intends to drill a groundwater well for non-domestic use must apply for authorization and receive approval from the OWRB prior to drilling.