What are oil and gas leases?

An oil or gas lease is a legal document where a landowner grants an individual or company the right to extract oil or gas from beneath the landowner's property. Courts generally find leases to be legally binding, so it is very important that you understand all the terms of a lease before you sign it.

When did Pugh clauses start?

Pugh, who first used such a clause in 1947 to prevent the holding of non-pooled acreage in his client's lease while only certain portions of the lease acreage were being held under pooling agreements.

US Legal Forms
Localized Forms
Massachusetts
Middlesex
Partial Release of Oil and Gas Lease As to Part of Lands Covered by...

Middlesex Massachusetts Partial Release of Oil and Gas Lease As to Part of Lands Covered by Lease

Name: Middlesex Massachusetts Partial Release of Oil and Gas Lease As to Part of Lands Covered by Lease
Brand: US Legal Forms
Rating: 4.66 (432 reviews)

Category:

Oil Gas and Minerals - Releases

State:

Multi-State

County:

Middlesex

Control #:

US-OG-132

Format:

Instant download

Description

This form provides for the lessee to release a part of the lands covered by an oil and gas lease.

Arizona Name Change Instructions and Forms...

View this form

Agreement with Garage for Daily Parking an...

View this form

Irrevocable Trust Agreement for Benefit of...

View this form

Aiding or Assisting in Preparation of Fals...

View this form

Request for Advertising Rate Information

View this form

Agreement for Accord and Satisfaction with...

View this form

Agreement with Independent Contractor to M...

View this form

How to fill out Middlesex Massachusetts Partial Release Of Oil And Gas Lease As To Part Of Lands Covered By Lease?

Preparing legal documentation can be difficult. In addition, if you decide to ask an attorney to write a commercial contract, documents for ownership transfer, pre-marital agreement, divorce paperwork, or the Middlesex Partial Release of Oil and Gas Lease As to Part of Lands Covered by Lease, it may cost you a fortune. So what is the best way to save time and money and draft legitimate forms in total compliance with your state and local laws? US Legal Forms is an excellent solution, whether you're searching for templates for your individual or business needs.

US Legal Forms is largest online collection of state-specific legal documents, providing users with the up-to-date and professionally verified templates for any use case accumulated all in one place. Therefore, if you need the recent version of the Middlesex Partial Release of Oil and Gas Lease As to Part of Lands Covered by Lease, you can easily locate it on our platform. Obtaining the papers requires a minimum of time. Those who already have an account should check their subscription to be valid, log in, and pick the sample using the Download button. If you haven't subscribed yet, here's how you can get the Middlesex Partial Release of Oil and Gas Lease As to Part of Lands Covered by Lease:

Look through the page and verify there is a sample for your region.
Examine the form description and use the Preview option, if available, to make sure it's the sample you need.
Don't worry if the form doesn't suit your requirements - search for the right one in the header.
Click Buy Now when you find the needed sample and select the best suitable subscription.
Log in or sign up for an account to pay for your subscription.
Make a transaction with a credit card or through PayPal.
Opt for the file format for your Middlesex Partial Release of Oil and Gas Lease As to Part of Lands Covered by Lease and download it.

When finished, you can print it out and complete it on paper or upload the template to an online editor for a faster and more practical fill-out. US Legal Forms allows you to use all the documents ever obtained many times - you can find your templates in the My Forms tab in your profile. Give it a try now!

Form Rating

4.66

Satisfied(432)

Form popularity

FAQ

According to Kramer, a lease that is executed by owners of separate tracts (or separate interests in the same tract) is known as a community lease and effectively pools the interests covered by the lease unless a contrary intent is expressly provided in the provisions of the lease itself or an amendment to the lease.

An oil or gas lease is a legal document where a landowner grants an individual or company the right to extract oil or gas from beneath the landowner's property. Courts generally find leases to be legally binding, so it is very important that you understand all the terms of a lease before you sign it.

An OGL gives a lessee an implied right to use the surface as is reasonably neccesary to explore, develop, and produce oil and gas from the land because the mineral estate is dominant.

An oil and gas lease is a hybrid property interest. For some purposes it can be considered a personal property and for other purposes it can be treated as real property. Under an oil and gas lease, the lessee holds the dominant property and the lessor holds the servient property.

In general terms, the Pugh Clause provides that production from a unitized or pooled area located on or including a portion of the leased lands will not be sufficient to extend the primary term for the entire leasehold.

The horizontal Pugh clause operates to release all lands not included in a pooled unit, typically at the end of the primary term or after cessation of continuous drilling operations, if the lease provides for same. The horizontal Pugh clause releases land at the surface as to all depths.

Pugh, who first used such a clause in 1947 to prevent the holding of non-pooled acreage in his client's lease while only certain portions of the lease acreage were being held under pooling agreements.

A Pugh Clause is meant to prevent a lessee from declaring all lands under an oil and gas lease as being held by production, even if production only occurs on a fraction of the property.

Generally, a pooling clause will allow the leased premises to be combined with other lands to form a drilling unit, wherein proceeds from production anywhere on the drilling unit are allocated according to the percentage of the acreage of each tract divided by the total acreage of the drilling unit.

A mineral lease is a contractual agreement between the owner of a mineral estate (known as the lessor), and another party such as an oil and gas company (the lessee). The lease gives an oil or gas company the right to explore for and develop the oil and gas deposits in the area described in the lease.

Middlesex Massachusetts Partial Release of Oil and Gas Lease As to Part of Lands Covered by Lease

Description

Related forms

Viewed forms

How to fill out Middlesex Massachusetts Partial Release Of Oil And Gas Lease As To Part Of Lands Covered By Lease?

Show more info

Form Rating

Form popularity

FAQ

What is a community lease oil and gas?

What are oil and gas leases?

What type of lease gives a lessee the rights to oil and gas under the lessor's land quizlet?

What is an oil and gas lease classified as?

What does a Pugh clause do?

What is a horizontal Pugh clause?

When did Pugh clauses start?

What is a Pugh clause in an oil and gas lease?

What is a pooling clause in oil and gas lease?

What type of lease gives a lessee the rights to oil and gas under the lessor's land?

Trusted and secure by over 3 million people of the world’s leading companies