Virgin Islands Continuous Development, Retained Acreage, and Depth Limitations

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US-OG-785
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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.


Virgin Islands Continuous Development refers to the ongoing process of sustainable development in the United States Virgin Islands (SVI), a group of islands located in the Caribbean Sea. This region is known for its breathtaking natural beauty, pristine beaches, and vibrant cultural heritage. The concept of continuous development in the Virgin Islands encompasses strategies and policies that aim to strike a balance between economic growth, environmental preservation, and social well-being. One key aspect of the Virgin Islands Continuous Development is the management of retained acreage. Retained acreage refers to the land that is set aside and preserved for various purposes, such as wildlife conservation, recreation, and cultural preservation. The Virgin Islands Government, along with local and international organizations, work together to identify and designate specific areas as retained acreage, ensuring their protection for future generations to enjoy. Depth limitations are another crucial element in the context of the Virgin Islands Continuous Development. These limitations refer to regulations that restrict activities at certain depths within the surrounding seas. Such limitations are primarily implemented to protect the fragile marine ecosystems, coral reefs, and diverse marine species found in the area. By setting depth limitations, the government ensures that any development, such as maritime infrastructure projects or underwater exploration, are carried out responsibly and with minimal impact on the marine environment. Different types of the Virgin Islands Continuous Development initiatives include eco-tourism, renewable energy development, sustainable agriculture, and waste management. These initiatives focus on promoting economic growth while safeguarding the unique natural resources and cultural heritage of the Virgin Islands. Keywords: Virgin Islands, Continuous Development, Retained acreage, Depth limitations, sustainable development, US Virgin Islands, Caribbean Sea, economic growth, environmental preservation, social well-being, retained acreage management, wildlife conservation, recreation, cultural preservation, depth regulations, marine ecosystems, coral reefs, marine species, responsible development, eco-tourism, renewable energy, sustainable agriculture, waste management.

Virgin Islands Continuous Development refers to the ongoing process of sustainable development in the United States Virgin Islands (SVI), a group of islands located in the Caribbean Sea. This region is known for its breathtaking natural beauty, pristine beaches, and vibrant cultural heritage. The concept of continuous development in the Virgin Islands encompasses strategies and policies that aim to strike a balance between economic growth, environmental preservation, and social well-being. One key aspect of the Virgin Islands Continuous Development is the management of retained acreage. Retained acreage refers to the land that is set aside and preserved for various purposes, such as wildlife conservation, recreation, and cultural preservation. The Virgin Islands Government, along with local and international organizations, work together to identify and designate specific areas as retained acreage, ensuring their protection for future generations to enjoy. Depth limitations are another crucial element in the context of the Virgin Islands Continuous Development. These limitations refer to regulations that restrict activities at certain depths within the surrounding seas. Such limitations are primarily implemented to protect the fragile marine ecosystems, coral reefs, and diverse marine species found in the area. By setting depth limitations, the government ensures that any development, such as maritime infrastructure projects or underwater exploration, are carried out responsibly and with minimal impact on the marine environment. Different types of the Virgin Islands Continuous Development initiatives include eco-tourism, renewable energy development, sustainable agriculture, and waste management. These initiatives focus on promoting economic growth while safeguarding the unique natural resources and cultural heritage of the Virgin Islands. Keywords: Virgin Islands, Continuous Development, Retained acreage, Depth limitations, sustainable development, US Virgin Islands, Caribbean Sea, economic growth, environmental preservation, social well-being, retained acreage management, wildlife conservation, recreation, cultural preservation, depth regulations, marine ecosystems, coral reefs, marine species, responsible development, eco-tourism, renewable energy, sustainable agriculture, waste management.

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FAQ

Held by production is an oil & gas industry term indicating a property is under lease and that the lease is being perpetuated in the secondary term by the production of oil or gas in paying quantities. An oil & gas may be in HBP status for many years if the wells located on the leased land keep producing.

Retained Acreage ? A clause that provides that a lease will continue after the expiration of the primary term as to a certain number of acres associated with each of the wells drilled under the lease.

A clause in an oil and gas lease establishing the acreage around a producing well or pooled unit that the lessee is allowed to retain after termination of the lease if certain conditions are met. There is no standard retained-acreage clause, and these clauses vary by lease.

Any provision resulting in acreage being released after production is a Pugh Clause. A Pugh Clause is a type of retained acreage provision that is only applicable with regards to pooled or unitized lands. A Pugh Clause is completely inapplicable when there has been no pooling or unitization.?

The point of a retained-acreage provision is to be able to seek a new opportunity to lease unworked land to a different lessee, one who might do something productive with it. A Pugh clause is a negotiated provision in favor of the lessor. Pugh clauses modify pooling/unitization rights.

The R-3 Residential zones will provide for medium density hotels and multi-family dwellings and their related needs.

A Pugh Clause is enforced to ensure that a lessee can be prevented from declaring all lands under an oil and gas lease as being held by production. This remains true even when production only takes place on a fraction of the property.

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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 ... Oct 19, 2015 — A retained acreage clause requires the lessee to release acreage not assigned to a producing well at the end of the primary term, or at the end ...THIS IS A DRAFT DOCUMENT ONLY AND HAS NOT BEEN ADOPTED BY THE LEGISLATURE OF THE VIRGIN ISLANDS. THIS DRAFT DOCUMENT MAY NOT BE RELIED UPON FOR ANY PURPOSE ... (cc) 'Submerged and filled lands' means all lands in the United States Virgin Islands permanently or periodically covered by tidal waters up to, but not above, ... Development within the marine estate may support the economic activity of the Virgin. Islands by increasing the stock of land available for development or ... Jul 20, 2022 — The purpose of the compendium is to provide the public and park employees with a document that lists the special designations, closures, public ... There is an increasing demand for development of seemingly "vacant" land, with a concurrent need for economic growth and creation of jobs (USVI, 2006). Jan 9, 2018 — Undeveloped Acreage: This Lease shall terminate as to the undeveloped Leased Land at the expiration of the Primary Term of this Lease unless ... by S Klopf · 2004 — It is important that a deed conveying an appurtenant easement is clearly written to show that it was intended to run with the land and the dominant land parcel ... by HS AC · Cited by 2 — This report focuses specifically on updating recovery directions and on supporting the further develop- ment of capacities needed for ...

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Virgin Islands Continuous Development, Retained Acreage, and Depth Limitations