San Angelo Texas Change of Land Description in Oil and Gas Lease

• Category: Texas Oil Gas and Minerals - Leases
• State: Texas
• City: San Angelo
• 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. San Angelo, Texas Change of Land Description in Oil and Gas Lease: A change of land description in an oil and gas lease refers to the modification or alteration made to the original land description in a lease agreement. This change is necessary when there are updates or revisions related to the property boundaries, ownership, or legal description of the land involved. In San Angelo, Texas, there are different types of change of land description that can occur in an oil and gas lease. These include: 1. Boundary Adjustment: This type of change occurs when there is a modification to the property boundary lines mentioned in the lease. It can be due to subdivision approval, an addition of adjacent tracts, or a redefinition of the boundary based on new surveys or legal descriptions. 2. Ownership Change: If there is a change in the ownership of the land subject to the oil and gas lease, a change of land description is required. This may occur through a sale, inheritance, or transfer of ownership, and necessitates updating the lease agreement to reflect the current owners. 3. Legal Description Revision: Sometimes, there are errors or discrepancies in the legal description provided in the original lease. In such cases, a change of land description is needed to correct and accurately define the land involved in the oil and gas lease. This typically requires a review of past survey records, deed descriptions, or plats. 4. Addition or Removal of Land: In some instances, there may be a need to add additional land or remove certain portions from the original lease agreement. This can occur if adjoining tracts become available or if specific sections are no longer accessible or usable for drilling or extraction activities. The process of implementing a change of land description involves drafting an amendment to the existing oil and gas lease agreement. This amendment document would include the updated land description, clearly delineating the changes made. It is crucial for all parties involved, including the lessor and lessee, to carefully review and agree upon the modified terms to avoid any potential disputes or ambiguities in the future. In conclusion, San Angelo, Texas, as with any other location, may experience various types of change of land descriptions in oil and gas lease agreements. These changes can arise due to boundary adjustments, ownership transfers, legal description revisions, or additions/removals of land. Ensuring accurate and up-to-date land descriptions is vital for maintaining clear and enforceable lease agreements in the oil and gas industry.

San Angelo, Texas Change of Land Description in Oil and Gas Lease: A change of land description in an oil and gas lease refers to the modification or alteration made to the original land description in a lease agreement. This change is necessary when there are updates or revisions related to the property boundaries, ownership, or legal description of the land involved. In San Angelo, Texas, there are different types of change of land description that can occur in an oil and gas lease. These include: 1. Boundary Adjustment: This type of change occurs when there is a modification to the property boundary lines mentioned in the lease. It can be due to subdivision approval, an addition of adjacent tracts, or a redefinition of the boundary based on new surveys or legal descriptions. 2. Ownership Change: If there is a change in the ownership of the land subject to the oil and gas lease, a change of land description is required. This may occur through a sale, inheritance, or transfer of ownership, and necessitates updating the lease agreement to reflect the current owners. 3. Legal Description Revision: Sometimes, there are errors or discrepancies in the legal description provided in the original lease. In such cases, a change of land description is needed to correct and accurately define the land involved in the oil and gas lease. This typically requires a review of past survey records, deed descriptions, or plats. 4. Addition or Removal of Land: In some instances, there may be a need to add additional land or remove certain portions from the original lease agreement. This can occur if adjoining tracts become available or if specific sections are no longer accessible or usable for drilling or extraction activities. The process of implementing a change of land description involves drafting an amendment to the existing oil and gas lease agreement. This amendment document would include the updated land description, clearly delineating the changes made. It is crucial for all parties involved, including the lessor and lessee, to carefully review and agree upon the modified terms to avoid any potential disputes or ambiguities in the future. In conclusion, San Angelo, Texas, as with any other location, may experience various types of change of land descriptions in oil and gas lease agreements. These changes can arise due to boundary adjustments, ownership transfers, legal description revisions, or additions/removals of land. Ensuring accurate and up-to-date land descriptions is vital for maintaining clear and enforceable lease agreements in the oil and gas industry.