If a lease will expire, by its own terms, and the lessee desires to maintain the lease in effect by the payment of bonus, rather than commencing operations, and the terms of the original lease continue to be acceptable to the lessor, the parties may elect to amend the existing lease to extend the primary term, rather than entering into a new lease. This form addresses that situation.
Alameda California Amendment to Oil and Gas Lease to Extend Primary Term is a legal provision that allows for the extension of the primary term stipulated in an oil and gas lease agreement in Alameda, California. This amendment grants additional time to the lessee to explore and extract oil and gas resources from the leased property. In Alameda, California, there are two main types of amendments related to extending the primary term of an oil and gas lease: 1. Alameda California Amendment to Oil and Gas Lease to Extend Primary Term — Non-renewable: This type of amendment allows the lessee to extend the primary term for a specified duration, typically between one and five years. The extension is granted to facilitate further exploration and extraction activities, providing the lessee with an opportunity to maximize resource recovery without entering into a new lease agreement. 2. Alameda California Amendment to Oil and Gas Lease to Extend Primary Term — Renewable: This type of amendment grants the lessee the right to continuously extend the primary term of the lease agreement for a renewable period, as agreed upon by the lessor and lessee. The renewable extension may range from yearly to multi-yearly terms, ensuring a long-term commitment between both parties. Keywords: — AlamedCaliforniani— - Amendment - Oil and Gas Lease — PrimarTERer— - Extension - Exploration — Extractio— - Lessee - Lessor - Renewable — Non-renewabl— - Resource recovery - Lease agreement — Lessee's right— - Oil and gas resources — Alameda County
