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.
Pennsylvania Surface Use by Lessee and Accommodation With Use of the Surface
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Multi-State
Control #:
US-OG-829
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Word;
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How to fill out Surface Use By Lessee And Accommodation With Use Of The Surface?
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FAQ
Surface rights in Pennsylvania These rights in Pennsylvania are those licenses to the surface interest of any property. This right covers the structure, farmland, or any above ground minerals like water bodies, trees and plants. This right was set ing to Pennsylvania ordinances and local laws.
Pennsylvania does not maintain ownership records of mineral properties and county governments often have these records. Therefore, the starting place should often be the County Recorder of Deeds Office. An older mineral deed may or may not be recorded in this office.
A limitation on a mineral owner's right to use the servient surface estate (in Texas, the mineral estate is dominant over the surface estate).
You may get anywhere from $250/acre to $2,500+/acre just depending on your specific location. With the oil and gas market still trying to find the real price of oil, there are still a lot of buyers in the market interested in picking up mineral rights.
A fairly unique feature of American law is the concept that one parcel of land can be comprised of multiple ownership estates. In Pennsylvania and many other states, it is possible to sever the right to the minerals in and under the land from the ownership of the surface itself.
The mineral owner's interest in the spacing unit is calculated by dividing the number of acres owned by the mineral owner within the unit by the total number of acres in the unit (Acres Owned / Total Acres in Unit). This will result in a decimal.
The general rule of thumb for the value of mineral rights in Texas is 2x to 3x the lease bonus you received. For example, if you got $500/acre when you leased your property, you might expect to sell for somewhere between $1,000 to $1,500/acre if you were to sell mineral rights in Texas.
On July 11, 2006, the Pennsylvania General Assembly enacted the Dormant Oil and Gas Act. The purpose of the Act is to permit the development of underground oil and gas reserves when all owners of oil or gas interests cannot be located or identified.