Collin Texas Change of Land Description in Oil and Gas Lease

• Category: Texas Oil Gas and Minerals - Leases
• State: Texas
• County: Collin
• Control #: TX-OG-036
• Format: Word; Rich Text

Description

This form is used to modify the description of the land in a lease that is granting the right to extract oil and gas from a specified piece of land. Collin Texas Change of Land Description in Oil and Gas Lease serves as a crucial aspect of the legal documentation regarding oil and gas exploration and production activities in the Collin County, Texas region. This document outlines the specific details related to the transfer or modification of land rights between the lessor and lessee in an oil and gas lease agreement. Below, we will explore the different types and key elements related to Collin Texas Change of Land Description in Oil and Gas Lease, using relevant keywords. 1. Parcel Identification: The Collin Texas Change of Land Description in an Oil and Gas Lease typically starts by identifying the parcel(s) of land subject to the change. This includes the legal description of the land, often using the Public Land Survey System (PASS), which incorporates relevant keywords such as section, township, range, and survey number. 2. Conveyance Modification: This section highlights the specific changes being made to the initial oil and gas lease agreement. It may include the transfer of land rights from one party to another, the addition or removal of specific land sections, or the modification of lease provisions concerning a particular tract of land. 3. Royalty Interest Adjustment: If the change of land description affects the percentage of royalty interest, this will be explicitly stated in the Collin Texas Change of Land Description. Keywords related to royalty adjustments might include percentage, override, working interest, or net revenue interest. 4. Access and Easements: In some cases, the change of land description may involve granting or modifying access and easement rights associated with the leased land. Keywords such as right-of-way, access, ingress, egress, and pipeline corridor may appear in this section. 5. Lease Term Modification: This part focuses on any alterations to the duration of the oil and gas lease agreement due to the change in land description. Keywords like extension, renewal, or termination might be included. 6. Surveying and Mapping: If a survey or mapping process is involved in documenting the change of land description, this section will provide details on the responsible surveyor, surveying method, and any related map reference keywords. 7. Execution and Effective Date: The Collin Texas Change of Land Description in Oil and Gas Lease concludes by specifying the date of execution and the effective date of the change, ensuring accuracy and validity. It may include the signatures of relevant parties, such as the lessor, lessee, and witnesses. In summary, Collin Texas Change of Land Description in Oil and Gas Lease involves modifying the original land description and terms of an oil and gas lease agreement in Collin County, Texas. Keywords related to parcel identification, conveyance modification, royalty interest adjustment, access and easements, lease term modification, surveying and mapping, and execution and effective date are commonly found in these descriptions.

Collin Texas Change of Land Description in Oil and Gas Lease serves as a crucial aspect of the legal documentation regarding oil and gas exploration and production activities in the Collin County, Texas region. This document outlines the specific details related to the transfer or modification of land rights between the lessor and lessee in an oil and gas lease agreement. Below, we will explore the different types and key elements related to Collin Texas Change of Land Description in Oil and Gas Lease, using relevant keywords. 1. Parcel Identification: The Collin Texas Change of Land Description in an Oil and Gas Lease typically starts by identifying the parcel(s) of land subject to the change. This includes the legal description of the land, often using the Public Land Survey System (PASS), which incorporates relevant keywords such as section, township, range, and survey number. 2. Conveyance Modification: This section highlights the specific changes being made to the initial oil and gas lease agreement. It may include the transfer of land rights from one party to another, the addition or removal of specific land sections, or the modification of lease provisions concerning a particular tract of land. 3. Royalty Interest Adjustment: If the change of land description affects the percentage of royalty interest, this will be explicitly stated in the Collin Texas Change of Land Description. Keywords related to royalty adjustments might include percentage, override, working interest, or net revenue interest. 4. Access and Easements: In some cases, the change of land description may involve granting or modifying access and easement rights associated with the leased land. Keywords such as right-of-way, access, ingress, egress, and pipeline corridor may appear in this section. 5. Lease Term Modification: This part focuses on any alterations to the duration of the oil and gas lease agreement due to the change in land description. Keywords like extension, renewal, or termination might be included. 6. Surveying and Mapping: If a survey or mapping process is involved in documenting the change of land description, this section will provide details on the responsible surveyor, surveying method, and any related map reference keywords. 7. Execution and Effective Date: The Collin Texas Change of Land Description in Oil and Gas Lease concludes by specifying the date of execution and the effective date of the change, ensuring accuracy and validity. It may include the signatures of relevant parties, such as the lessor, lessee, and witnesses. In summary, Collin Texas Change of Land Description in Oil and Gas Lease involves modifying the original land description and terms of an oil and gas lease agreement in Collin County, Texas. Keywords related to parcel identification, conveyance modification, royalty interest adjustment, access and easements, lease term modification, surveying and mapping, and execution and effective date are commonly found in these descriptions.