Texas Gas Storage Lease
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How to fill out Gas Storage Lease?
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FAQ
The memorandum of lease is a short form version of the oil and gas lease. The memorandum of lease is recorded. The full lease will not be recorded. You may also receive an addendum.
Search Texas Oil & Gas Leases CourthouseDirect.com provides a Lease Check tool which allows landmen to search for Oil & Gas Leases and other oil and gas related document by Legal Description or Party Name. Researching Oil & Gas Leases can now be done in a matter of minutes by using the CourthouseDirect.com Lease Check.
Contact Central Records at ims@rrc.texas.gov or 512-463-6800.
As long as the lessee pays the annual rent, the lease remains in effect. This definite period of time is called the primary term. When a company fails to start production, the lease expires after the primary term. When the company starts drilling for oil and gas, the lease will remain in effect past the primary term.
Primary Term and Delay Rentals Generally, it is a negotiated two to five years. Otherwise, the predrafted Producers 88 lease form contains a ten-year term.