This form is used when the Lessee and the Lessor agree to amend the lease to extend the primary term from three years to six years. The terms and provisions of this amendment of the Lease is binding the the benefit of the Lessor and Lessee and their respecitve heirs, devisees, successors, and personal representatives.
The San Antonio Texas Amendment to Oil, Gas, and Mineral Lease is a legal document that modifies and updates an existing lease agreement pertaining to the exploration, extraction, and production of oil, gas, and minerals on a particular property. This amendment is specific to the city of San Antonio, Texas, and encompasses various provisions and clauses designed to address the unique aspects and considerations of the local energy industry. It is generally entered into by the lessor (property owner) and the lessee (energy company) in order to clarify, expand, or restrict rights and obligations initially established in the original lease. The San Antonio Texas Amendment to Oil, Gas, and Mineral Lease can take several forms based on the specific requirements and circumstances of the property and parties involved. Different types of amendments may include, but are not limited to: 1. Extension Amendment: This type of amendment extends the term or duration of the lease agreement beyond its original expiration date. It may be sought by the lessee to continue operations and explore further resources on the property. 2. Royalty Amendment: This amendment focuses on adjusting the royalty rates that the property owner is entitled to receive from the lessee based on the production and sale of oil, gas, or minerals. It can modify the percentage or calculation methodology of royalties paid. 3. Surface Use Amendment: When the lessee requires access to the surface of the property for exploration, drilling, and related activities, a surface use amendment is used to detail the terms, conditions, and limitations regarding the use of surface land and any associated compensations. 4. Non-Disturbance Amendment: This type of amendment assures the property owner that their rights and interests will be protected even in the event of a mortgage foreclosure or sale of the leased property. It is typically sought by property owners to secure their position in relation to potential changes in ownership. 5. Environmental Amendment: As environmental regulations and considerations gain prominence, an environmental amendment may be included to address specific concerns related to the preservation and protection of the environment during energy exploration and extraction activities. These are some main types of San Antonio Texas Amendment to Oil, Gas, and Mineral Lease that may be encountered. However, it is important to note that the precise nature and content of the amendment will ultimately be determined by the negotiations and agreement between the lessor and lessee, as well as any applicable state and federal laws and regulations.The San Antonio Texas Amendment to Oil, Gas, and Mineral Lease is a legal document that modifies and updates an existing lease agreement pertaining to the exploration, extraction, and production of oil, gas, and minerals on a particular property. This amendment is specific to the city of San Antonio, Texas, and encompasses various provisions and clauses designed to address the unique aspects and considerations of the local energy industry. It is generally entered into by the lessor (property owner) and the lessee (energy company) in order to clarify, expand, or restrict rights and obligations initially established in the original lease. The San Antonio Texas Amendment to Oil, Gas, and Mineral Lease can take several forms based on the specific requirements and circumstances of the property and parties involved. Different types of amendments may include, but are not limited to: 1. Extension Amendment: This type of amendment extends the term or duration of the lease agreement beyond its original expiration date. It may be sought by the lessee to continue operations and explore further resources on the property. 2. Royalty Amendment: This amendment focuses on adjusting the royalty rates that the property owner is entitled to receive from the lessee based on the production and sale of oil, gas, or minerals. It can modify the percentage or calculation methodology of royalties paid. 3. Surface Use Amendment: When the lessee requires access to the surface of the property for exploration, drilling, and related activities, a surface use amendment is used to detail the terms, conditions, and limitations regarding the use of surface land and any associated compensations. 4. Non-Disturbance Amendment: This type of amendment assures the property owner that their rights and interests will be protected even in the event of a mortgage foreclosure or sale of the leased property. It is typically sought by property owners to secure their position in relation to potential changes in ownership. 5. Environmental Amendment: As environmental regulations and considerations gain prominence, an environmental amendment may be included to address specific concerns related to the preservation and protection of the environment during energy exploration and extraction activities. These are some main types of San Antonio Texas Amendment to Oil, Gas, and Mineral Lease that may be encountered. However, it is important to note that the precise nature and content of the amendment will ultimately be determined by the negotiations and agreement between the lessor and lessee, as well as any applicable state and federal laws and regulations.
