Rhode Island Amendment to Oil and Gas Lease to Amend Land Description to include Additional Lands
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FAQ
A Lease Amendment is used to modify an existing Lease Agreement between a tenant and landlord by adding or removing clauses or changing existing clauses. An amendment allows the parties to change the terms without signing a new Lease Agreement.
in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.
What is the granting clause? The granting clause is the clause under which the owner of the oil and gas rights leases the oil and gas rights to the oil and gas company along with the right to develop the oil and gas on a specifically described piece of real estate.
Typical granting clauses include language such as ?oil, gas, and other minerals,?2 ?oil and all gas of whatsoever nature or kind,?3 or some variation of these simplistic descriptions.
