Pennsylvania Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-100
• Format: Word; Rich Text

Description

If a lessor has retained the right to use gas, this form provides for the transfer of this right to the surface owner of the lands covered by the oil and gas lease granted by the lessor. Title: Pennsylvania Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease Keywords: Pennsylvania conveyance, right to make free use of gas, oil and gas lease Description: The Pennsylvania Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease is an important legal document that grants individuals or entities the right to utilize the natural gas extracted from their leased properties without any additional costs. This description will discuss the key components of this conveyance, its significance, and its variations, if any. 1. Understanding the Pennsylvania Conveyance of Right to Make Free Use of Gas: The conveyance, also known as a gas usage agreement, is an addendum to an oil and gas lease. In Pennsylvania, where significant natural gas resources reside, this conveyance provides the property owner with the right to access and utilize the extracted gas for free. It is particularly relevant in the context of Marcellus Shale gas drilling. 2. Key Components: The Pennsylvania Conveyance of Right to Make Free Use of Gas typically includes the following elements: Granteror and grantee details: Names and contact information of the parties involved in the conveyance. — Lease information: Reference to the original oil and gas lease agreement to which the conveyance is attached. — Gas usage rights: Clear stipulation that the grantee has the right to use and consume the gas produced from the leased property. — Volume limitations: Any restrictions on the quantity of gas that can be utilized for free, specifying any excessive usage penalties if applicable. — Termination clause: Conditions under which the gas usage agreement may be terminated or modified. — Legal provisions: Clauses clarifying the legal implications and disputes, governing laws, and severability. 3. Significance: The Pennsylvania Conveyance of Right to Make Free Use of Gas is crucial for landowners in the state, as it allows them to benefit from the natural resources found on their properties. By utilizing the extracted gas without additional charges, property owners can lower their energy costs and potentially generate additional revenue by selling any excess gas. 4. Variations: While the basic structure of the conveyance remains consistent, specific details may vary depending on factors such as negotiated lease terms, gas field conditions, and individual circumstances. The conveyance may differ in terms of gas volume restrictions, duration, inclusion of royalties or payments for excessive usage, or any additional rights desirable to the parties involved. In conclusion, the Pennsylvania Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease empowers property owners to freely utilize the gas extracted from their leased properties. This legal document safeguards their rights, helps reduce energy expenses, and potentially enables additional revenue generation.

Title: Pennsylvania Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease Keywords: Pennsylvania conveyance, right to make free use of gas, oil and gas lease Description: The Pennsylvania Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease is an important legal document that grants individuals or entities the right to utilize the natural gas extracted from their leased properties without any additional costs. This description will discuss the key components of this conveyance, its significance, and its variations, if any. 1. Understanding the Pennsylvania Conveyance of Right to Make Free Use of Gas: The conveyance, also known as a gas usage agreement, is an addendum to an oil and gas lease. In Pennsylvania, where significant natural gas resources reside, this conveyance provides the property owner with the right to access and utilize the extracted gas for free. It is particularly relevant in the context of Marcellus Shale gas drilling. 2. Key Components: The Pennsylvania Conveyance of Right to Make Free Use of Gas typically includes the following elements: Granteror and grantee details: Names and contact information of the parties involved in the conveyance. — Lease information: Reference to the original oil and gas lease agreement to which the conveyance is attached. — Gas usage rights: Clear stipulation that the grantee has the right to use and consume the gas produced from the leased property. — Volume limitations: Any restrictions on the quantity of gas that can be utilized for free, specifying any excessive usage penalties if applicable. — Termination clause: Conditions under which the gas usage agreement may be terminated or modified. — Legal provisions: Clauses clarifying the legal implications and disputes, governing laws, and severability. 3. Significance: The Pennsylvania Conveyance of Right to Make Free Use of Gas is crucial for landowners in the state, as it allows them to benefit from the natural resources found on their properties. By utilizing the extracted gas without additional charges, property owners can lower their energy costs and potentially generate additional revenue by selling any excess gas. 4. Variations: While the basic structure of the conveyance remains consistent, specific details may vary depending on factors such as negotiated lease terms, gas field conditions, and individual circumstances. The conveyance may differ in terms of gas volume restrictions, duration, inclusion of royalties or payments for excessive usage, or any additional rights desirable to the parties involved. In conclusion, the Pennsylvania Conveyance of Right to Make Free Use of Gas Provided For in an Oil and Gas Lease empowers property owners to freely utilize the gas extracted from their leased properties. This legal document safeguards their rights, helps reduce energy expenses, and potentially enables additional revenue generation.