What is an oil and gas 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.

US Legal Forms
Localized Forms
Florida
Palm Beach
Affidavit of Production to Extend Oil and Gas Lease Beyond Primary...

Palm Beach Florida Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term

Name: Palm Beach Florida Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term
Brand: US Legal Forms
Rating: 4.67 (412 reviews)

Category:

Oil Gas and Minerals - Affidavits

State:

Multi-State

County:

Palm Beach

Control #:

US-OG-187

Format:

Instant download

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). This Affidavit is made for the purpose of giving notice that the Lease has been extended beyond its stated primary term in accordance with the terms of the Lease.

View Wake Acuerdo de divulgación de privacidad, licencia y publicidad multimedia

View this form

View Mecklenburg Acuerdo de divulgación de privacidad, licencia y publicidad multimedia

View this form

View Fulton Acuerdo de divulgación de privacidad, licencia y publicidad multimedia

View this form

View Montgomery Acuerdo de divulgación de privacidad, licencia y publicidad multimedia

View this form

View Pima Acuerdo de divulgación de privacidad, licencia y publicidad multimedia

View this form

How to fill out Palm Beach Florida Affidavit Of Production To Extend Oil And Gas Lease Beyond Primary Term?

If you need to get a reliable legal paperwork provider to get the Palm Beach Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, look no further than US Legal Forms. No matter if you need to launch your LLC business or manage your belongings distribution, we got you covered. You don't need to be well-versed in in law to locate and download the needed template.

You can select from over 85,000 forms categorized by state/county and situation.
The intuitive interface, variety of supporting resources, and dedicated support make it simple to locate and execute various paperwork.
US Legal Forms is a reliable service providing legal forms to millions of customers since 1997.

Simply type to look for or browse Palm Beach Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term, either by a keyword or by the state/county the form is intended for. After locating necessary template, you can log in and download it or retain it in the My Forms tab.

Don't have an account? It's simple to start! Simply locate the Palm Beach Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term template and check the form's preview and short introductory information (if available). If you're confident about the template’s terminology, go ahead and hit Buy now. Create an account and select a subscription option. The template will be instantly available for download as soon as the payment is processed. Now you can execute the form.

Taking care of your law-related affairs doesn’t have to be expensive or time-consuming. US Legal Forms is here to demonstrate it. Our rich variety of legal forms makes this experience less pricey and more reasonably priced. Create your first business, arrange your advance care planning, create a real estate contract, or complete the Palm Beach Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term - all from the comfort of your sofa.

Form Rating

4.67

Satisfied(412)

Form popularity

FAQ

Held by production is an oil & gas industry term indicating a property is under lease and that the lease is being perpetuated in the secondary term by the production of oil or gas in paying quantities. An oil & gas may be in HBP status for many years if the wells located on the leased land keep producing.

in royalty clause is a savings clause within an oil and gas lease that allows a lessee to shut in a well but continue to maintain its lease by paying the lessor certain royalties identified in the lease.

The primary term of a federal oil and gas lease is 10 years. The term is extended as long as the lease has at least one well capable of production.

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.

The primary term of a federal oil and gas lease is 10 years. The term is extended as long as the lease has at least one well capable of production.

"Held by production" is a provision in an oil or natural gas property lease that allows the lessee, generally an energy company, to continue drilling activities on the property as long as it is economically producing a minimum amount of oil or gas.

The period of time in the life of an oil & gas lease that begins after the expiration of the primary term. Production, operations, continuous drilling, or shut-in royalty payments are most often used to extend an oil & gas lease into its secondary term.

(a) (1) Any lease of oil or natural gas rights or any other conveyance of any kind separating such rights from the freehold estate of land shall expire at the end of ten (10) years from the date executed, unless, at the end of such ten (10) years, natural gas or oil is being produced from such land for commercial

Oil & gas royalties are paid monthly, consistent with the normal accounting cycle of the producer, unless the obligation does not meet the minimum check requirement for that particular state. These laws are generally known as aggregate pay laws, usually set at either $25 or $100.

The primary term of a federal oil and gas lease is 10 years. The term is extended as long as the lease has at least one well capable of production. Leases do not authorize ground disturbance.

Interesting Questions

More info

Are there oil and gas leases encumbering my land? 253.451 Construction of term "land the title to which is vested in the state.Extend the contract time to potentially complete the Rehabilitation of Roads at the. Southwest Florida International Airport. 81 legal authority, short of a court deci8i.on. For carrying out administrative duties. And allied products to the consumer may be conducted, but must be clearly accessory to the primary use. Comments or to report an error with NOAA's nautical charts and products. UNK the , .

S. Navigation and the U.S. Department of Commerce has agreed to allow the U.S. Department of Transportation to operate, lease, and maintain the National Oceanic and Atmospheric Administration's (NOAA) satellites through the Department of Commerce. The Department of Interior has been providing and maintaining the Bureau of Reclamation's (CR) oceanographic products, including the sea surface elevation data, except the sea surface temperature (SST) data product, which was provided by the Bureau of Ocean Energy Management, the only Department of Interior source. On June 15, 1987, the Environmental Protection Agency (EPA), pursuant to the Water Pollution Control Act, promulgated a new regulation that requires CR to obtain certain marine data from the U.S. Navy, Coast Guard and National Oceanic and Atmospheric Administer- ton (NOAA). The NOAA marine SST data is required to be integrated with that of the CR and also to be provided to the CR.

Disclaimer
The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.

Palm Beach Florida Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term

Description

Related forms

How to fill out Palm Beach Florida Affidavit Of Production To Extend Oil And Gas Lease Beyond Primary Term?

Show more info

Form Rating

Form popularity

FAQ

What is HBP title?

What is a savings clause oil and gas lease?

How long is a federal oil lease for?

What is an oil and gas lease?

How long are oil leases?

What does it mean when a lease is held by production like the lease in this case?

What is a secondary term oil and gas lease?

What is the maximum term for an oil and gas lease?

How often are oil royalties paid?

How long are oil and gas leases?

Interesting Questions

What is a Palm Beach Affidavit of Production?

Why would I need an Affidavit of Production to extend my oil and gas lease beyond the primary term?

How long is the primary term of an oil and gas lease?

What happens if my oil and gas lease reaches the end of its primary term without any production?

Can an Affidavit of Production help me extend my lease even if I haven't reached the end of the primary term?

Who needs to sign the Palm Beach Affidavit of Production?

More info

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