Santa Clara California Exhibit Schedule of Oil and Gas Leases Form 2

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Santa Clara
• Control #: US-OG-525
• Format: Word; Rich Text

Description

This Exhibit provides a schedule of oil and gas leases subject to the Operating Agreement. Santa Clara California Exhibit Schedule of Oil and Gas Leases Form 2 is a crucial document that outlines the specific details and terms of oil and gas leases in the Santa Clara area of California. This form is used to record and provide important information regarding lease agreements for the extraction and exploration of oil and gas resources in the region. By using the relevant keywords, it becomes easier to understand the intricacies of this document. Keywords: Santa Clara California, Exhibit Schedule, Oil and Gas Leases, Form 2. Types of Santa Clara California Exhibit Schedule of Oil and Gas Leases Form 2: 1. General Information: The first type of Form 2 provides general information about the lease, including the lessor and lessee names, contact details, and relevant lease identification numbers. It also mentions the effective date of the lease and any additional terms or conditions agreed upon by the involved parties. 2. Lease Area and Boundaries: This section outlines the boundaries and area covered by the oil and gas lease. It includes a detailed legal description, identifying the precise land or mineral rights associated with the lease. This information is crucial for accurately demarcating the geographic scope of the lease. 3. Term and Obligations: This part of the form specifies the duration of the lease agreement and the obligations of both the lessor and lessee during the term. It outlines the commencement and expiration dates, as well as any provisions for extension or early termination of the lease. Additionally, it details the responsibilities of the parties concerning the payment of royalties, rental fees, and other lease-related financial obligations. 4. Royalty Provisions: The royalty provisions section describes the percentage of oil or gas production that must be paid to the lessor as compensation for extracting and selling the resources. It also outlines the calculation and payment mechanisms, as well as any minimum royalty stipulations that must be adhered to. 5. Surface Use and Environmental Considerations: This section covers the terms related to surface use and environmental considerations associated with the oil and gas operations. It includes provisions for the restoration of the land after the completion of activities, the implementation of environmental protection measures, and restrictions on certain activities that may impact the surroundings. 6. Defaults and Remedies: In case of default or breach of any terms mentioned in the lease agreement, this section outlines the available remedies, such as termination, penalties, or legal action options. It ensures that both parties understand the consequences of non-compliance and the steps that can be taken to resolve disputes or failures to meet obligations. Overall, the Santa Clara California Exhibit Schedule of Oil and Gas Leases Form 2 is an essential document that encapsulates the critical elements of oil and gas lease agreements in the Santa Clara region of California. Its detailed and comprehensive provisions provide a clear understanding of the terms and conditions that govern these leases, ensuring transparency and accountability for all involved parties.

Santa Clara California Exhibit Schedule of Oil and Gas Leases Form 2 is a crucial document that outlines the specific details and terms of oil and gas leases in the Santa Clara area of California. This form is used to record and provide important information regarding lease agreements for the extraction and exploration of oil and gas resources in the region. By using the relevant keywords, it becomes easier to understand the intricacies of this document. Keywords: Santa Clara California, Exhibit Schedule, Oil and Gas Leases, Form 2. Types of Santa Clara California Exhibit Schedule of Oil and Gas Leases Form 2: 1. General Information: The first type of Form 2 provides general information about the lease, including the lessor and lessee names, contact details, and relevant lease identification numbers. It also mentions the effective date of the lease and any additional terms or conditions agreed upon by the involved parties. 2. Lease Area and Boundaries: This section outlines the boundaries and area covered by the oil and gas lease. It includes a detailed legal description, identifying the precise land or mineral rights associated with the lease. This information is crucial for accurately demarcating the geographic scope of the lease. 3. Term and Obligations: This part of the form specifies the duration of the lease agreement and the obligations of both the lessor and lessee during the term. It outlines the commencement and expiration dates, as well as any provisions for extension or early termination of the lease. Additionally, it details the responsibilities of the parties concerning the payment of royalties, rental fees, and other lease-related financial obligations. 4. Royalty Provisions: The royalty provisions section describes the percentage of oil or gas production that must be paid to the lessor as compensation for extracting and selling the resources. It also outlines the calculation and payment mechanisms, as well as any minimum royalty stipulations that must be adhered to. 5. Surface Use and Environmental Considerations: This section covers the terms related to surface use and environmental considerations associated with the oil and gas operations. It includes provisions for the restoration of the land after the completion of activities, the implementation of environmental protection measures, and restrictions on certain activities that may impact the surroundings. 6. Defaults and Remedies: In case of default or breach of any terms mentioned in the lease agreement, this section outlines the available remedies, such as termination, penalties, or legal action options. It ensures that both parties understand the consequences of non-compliance and the steps that can be taken to resolve disputes or failures to meet obligations. Overall, the Santa Clara California Exhibit Schedule of Oil and Gas Leases Form 2 is an essential document that encapsulates the critical elements of oil and gas lease agreements in the Santa Clara region of California. Its detailed and comprehensive provisions provide a clear understanding of the terms and conditions that govern these leases, ensuring transparency and accountability for all involved parties.