Pima Arizona Agreement Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease

State:
Multi-State
County:
Pima
Control #:
US-OG-315
Format:
Word; 
Rich Text
Instant download

Description

This form is used to resolve any question as to how royalty is to be paid to the Parties in the event of production, under the Lease, on any part of the Lands. The Parties are entering into this Agreement to stipulate and agree to the ownership of each Party's respective share of the royalty reserved in the Lease payable for production attributable to their Interests from a well located anywhere on the Lands.

The Lima Arizona Agreement Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease is a legal document that outlines the terms and conditions related to the payment of nonparticipating royalty for segregated tracts under an oil and gas lease in Lima, Arizona. This agreement is designed to ensure that nonparticipating royalty owners receive fair compensation for the extraction of oil and gas resources from their tracts, even if they are not actively involved in the operations. It establishes a clear framework for determining the royalty amount and the payment schedule. Under this agreement, there may be different types of segregation or tracts covered by the oil and gas lease, each with its own specific terms and conditions. These tracts could be categorized based on factors like location, geological characteristics, or ownership. The agreement may also address any variations or distinctions between these tracts and provide guidelines for the calculation and distribution of nonparticipating royalties specific to each segregated tract. Keywords: Lima Arizona Agreement, governing payment, nonparticipating royalty, segregated tracts, oil and gas lease. Different types of Lima Arizona Agreements Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease may include: 1. Lima Arizona Agreement Type A: Segregated Tracts by Ownership — This type of agreement governs the payment of nonparticipating royalty for segregated tracts based on individual ownership rights. 2. Lima Arizona Agreement Type B: Segregated Tracts by Location — This type of agreement governs the payment of nonparticipating royalty for segregated tracts based on their geographical location within Lima, Arizona. 3. Lima Arizona Agreement Type C: Segregated Tracts by Geological Characteristics — This type of agreement governs the payment of nonparticipating royalty for segregated tracts based on specific geological features or formations present in the area. 4. Lima Arizona Agreement Type D: Segregated Tracts by Size or Acreage — This type of agreement governs the payment of nonparticipating royalty for segregated tracts based on their size or acreage within Lima, Arizona. It is important to note that the specific types of Lima Arizona Agreements may vary, depending on the intricacies of the oil and gas lease arrangements and the specific needs and conditions in Lima, Arizona.

The Lima Arizona Agreement Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease is a legal document that outlines the terms and conditions related to the payment of nonparticipating royalty for segregated tracts under an oil and gas lease in Lima, Arizona. This agreement is designed to ensure that nonparticipating royalty owners receive fair compensation for the extraction of oil and gas resources from their tracts, even if they are not actively involved in the operations. It establishes a clear framework for determining the royalty amount and the payment schedule. Under this agreement, there may be different types of segregation or tracts covered by the oil and gas lease, each with its own specific terms and conditions. These tracts could be categorized based on factors like location, geological characteristics, or ownership. The agreement may also address any variations or distinctions between these tracts and provide guidelines for the calculation and distribution of nonparticipating royalties specific to each segregated tract. Keywords: Lima Arizona Agreement, governing payment, nonparticipating royalty, segregated tracts, oil and gas lease. Different types of Lima Arizona Agreements Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease may include: 1. Lima Arizona Agreement Type A: Segregated Tracts by Ownership — This type of agreement governs the payment of nonparticipating royalty for segregated tracts based on individual ownership rights. 2. Lima Arizona Agreement Type B: Segregated Tracts by Location — This type of agreement governs the payment of nonparticipating royalty for segregated tracts based on their geographical location within Lima, Arizona. 3. Lima Arizona Agreement Type C: Segregated Tracts by Geological Characteristics — This type of agreement governs the payment of nonparticipating royalty for segregated tracts based on specific geological features or formations present in the area. 4. Lima Arizona Agreement Type D: Segregated Tracts by Size or Acreage — This type of agreement governs the payment of nonparticipating royalty for segregated tracts based on their size or acreage within Lima, Arizona. It is important to note that the specific types of Lima Arizona Agreements may vary, depending on the intricacies of the oil and gas lease arrangements and the specific needs and conditions in Lima, Arizona.

Free preview
  • Form preview
  • Form preview

How to fill out Pima Arizona Agreement Governing Payment Of Nonparticipating Royalty Under Segregated Tracts Covered By One Oil And Gas Lease?

A document routine always goes along with any legal activity you make. Staring a company, applying or accepting a job offer, transferring property, and lots of other life scenarios require you prepare formal paperwork that differs from state to state. That's why having it all accumulated in one place is so helpful.

US Legal Forms is the largest online collection of up-to-date federal and state-specific legal templates. On this platform, you can easily locate and download a document for any personal or business objective utilized in your region, including the Pima Agreement Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease.

Locating forms on the platform is amazingly straightforward. If you already have a subscription to our service, log in to your account, find the sample using the search field, and click Download to save it on your device. After that, the Pima Agreement Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease will be accessible for further use in the My Forms tab of your profile.

If you are dealing with US Legal Forms for the first time, adhere to this quick guideline to get the Pima Agreement Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease:

  1. Ensure you have opened the correct page with your localised form.
  2. Make use of the Preview mode (if available) and scroll through the sample.
  3. Read the description (if any) to ensure the form satisfies your needs.
  4. Look for another document using the search option in case the sample doesn't fit you.
  5. Click Buy Now once you locate the necessary template.
  6. Decide on the suitable subscription plan, then sign in or register for an account.
  7. Choose the preferred payment method (with credit card or PayPal) to continue.
  8. Choose file format and save the Pima Agreement Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease on your device.
  9. Use it as needed: print it or fill it out electronically, sign it, and file where requested.

This is the simplest and most trustworthy way to obtain legal paperwork. All the samples provided by our library are professionally drafted and checked for correspondence to local laws and regulations. Prepare your paperwork and run your legal affairs properly with the US Legal Forms!

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

Pima Arizona Agreement Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease