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.
Oregon Reservation of Additional Interests in Production is a legal term that refers to the practice of reserving additional interests in the production of minerals or natural resources in the state of Oregon, USA. This reservation allows the landowner or a third party to retain specific rights or benefits even after granting the right to extract or produce resources to another party. There are several types of Oregon Reservation of Additional Interests in Production, including: 1. Mineral Rights Reservation: This type of reservation enables the landowner to retain ownership of the minerals found on the property, even if the surface rights are sold or leased to another party. It ensures that the landowner continues to possess the right to extract or profit from the minerals. 2. Royalty Reservation: A royalty reservation allows the landowner to retain a percentage or specific amount of the proceeds generated from the production of minerals or resources. This entitles the landowner to ongoing financial benefits from the extracted resources, irrespective of who owns the rights to produce them. 3. Surface Rights Reservation: This reservation gives the landowner control over the surface of the land, regardless of any production activities taking place underneath. It ensures that the owner maintains authority over activities such as construction, farming, or other surface-related operations. 4. Easement Reservation: An easement reservation grants the landowner the right to access or use a portion of the property for a specific purpose, such as constructing pipelines or transmission lines to facilitate resource extraction. It allows the landowner to preserve certain interests despite the presence of infrastructure on their land. 5. Development Reservation: This type of reservation allows the landowner to retain the right to future development or construction on the property, even after granting a lease or license for resource extraction. It safeguards the landowner's ability to utilize the land for other purposes in the future. In summary, an Oregon Reservation of Additional Interests in Production provides a legal mechanism for landowners to safeguard specific rights, such as ownership of minerals, royalty payments, surface control, easements, or future development opportunities despite granting production rights to others. These reservations play a crucial role in balancing the interests of landowners and resource development entities.
