The Oklahoma Exhibit Schedule of Oil and Gas Leases Form 2 is a crucial document used in the oil and gas industry of Oklahoma. This form is primarily utilized to list and outline the details of oil and gas leases held by entities operating in the state. It serves as an essential record of lease information and is often required by regulatory bodies and stakeholders. The Oklahoma Exhibit Schedule of Oil and Gas Leases Form 2 provides a comprehensive overview of the leases, including key data such as lease number, lessor name, lessee name, effective date, expiration date, legal description of the leased property, and any additional terms or provisions. It ensures transparency and clarity in the lease agreements, allowing interested parties to track and understand the rights and responsibilities associated with each lease. There are several types of Oklahoma Exhibit Schedule of Oil and Gas Leases Form 2, designed to cater to different aspects of the industry. These variations include: 1. Oklahoma Exhibit Schedule of Oil and Gas Leases Form 2A: This form focuses specifically on leases related to oil reserves. It provides detailed information on the quantity and quality of oil reserves covered by each lease, enabling organizations to assess the potential profitability and production capacity of their leases. 2. Oklahoma Exhibit Schedule of Oil and Gas Leases Form 2B: This form is intended for leases related to gas exploration and extraction. It highlights the estimated volume of gas reserves and any specific terms and conditions pertinent to gas leasing operations. 3. Oklahoma Exhibit Schedule of Oil and Gas Leases Form 2C: This form expands the scope to cover both oil and gas leases on a single document. It consolidates the lease details for ease of reference and accessibility, providing a comprehensive picture of an organization's lease holdings in Oklahoma. The Oklahoma Exhibit Schedule of Oil and Gas Leases Form 2 series is an integral part of the regulatory landscape in the state. It ensures compliance and transparency within the oil and gas industry while facilitating effective management and governance of leases. Stakeholders such as investors, landowners, regulatory bodies, and interested individuals rely on these forms to gain insights into the leasing activities and ascertain the overall health and status of the industry.