Harris Texas Exhibit Schedule of Oil and Gas Leases Form 3

State:
Multi-State
County:
Harris
Control #:
US-OG-526
Format:
Word; 
Rich Text
Instant download

Description

This Exhibit provides a schedule of oil and gas leases subject to the Operating Agreement.

The Harris Texas Exhibit Schedule of Oil and Gas Leases Form 3 serves as a crucial document in the oil and gas industry, specifically for leasing activities in Harris County, Texas. This comprehensive form outlines the key details and specifications regarding the leasing arrangements involved in oil and gas exploration and production contracts. Here is a detailed description of the Harris Texas Exhibit Schedule of Oil and Gas Leases Form 3, along with different types if applicable. The Harris Texas Exhibit Schedule of Oil and Gas Leases Form 3 is an essential tool utilized by oil and gas operators, landowners, and related parties to establish a clear and legally-binding agreement. By providing a standardized format, this form simplifies the leasing process in Harris County and ensures compliance with local regulations. This document includes various relevant keywords, such as: 1. Harris Texas: This indicates the geographic scope of the exhibit schedule, specifically focusing on Harris County, Texas. Harris County is one of the largest counties in Texas and plays a significant role in the oil and gas industry due to its vast reserves. 2. Exhibit Schedule: The term "exhibit schedule" refers to a supplementary document accompanying the main agreement or contract. This schedule contains specific lease information related to oil and gas exploration, detailing the terms, conditions, and rights associated with the leases. 3. Oil and Gas Leases: This highlights the primary purpose of the exhibit schedule, which is to outline the leasing arrangements related to oil and gas exploration and production. Oil and gas leases grant the lessee the right to explore, extract, and produce oil and gas on a specific property. 4. Form 3: Harris Texas Exhibit Schedule of Oil and Gas Leases Form 3 refers to a specific version or variation of the exhibit schedule. It distinguishes this form from other iterations and may indicate specific requirements or supplemental clauses, exclusive to this version. Different types of Harris Texas Exhibit Schedule of Oil and Gas Leases Form 3 may exist based on factors such as legal updates, customizations, or variations in lease terms. Although these different types may have unique titles or numbers, they ultimately serve the same purpose of accurately documenting the details of oil and gas leases in the Harris County area. It is essential for all parties involved in Harris County's oil and gas leasing activities to familiarize themselves with the details and intricacies of the Harris Texas Exhibit Schedule of Oil and Gas Leases Form 3, as it forms the foundation for a legally binding and transparent leasing agreement.

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FAQ

The indexes for prior months are available on microfiche in Central Records. Contact Central Records at ims@rrc.texas.gov or 512-463-6882.

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. Operations (including roads) proposed pursuant to leases must go through a separate permitting process.

Mineral rights in Texas are the rights to mineral deposits that exist under the surface of a parcel of property. This right normally belongs to the owner of the surface estate; however, in Texas those rights can be transferred through sale or lease to a second party.

How do you determine if your property is already subject to a recorded oil and gas lease? A search of the public records at the county register of deeds office is necessary. For example, in Oceana County, the public records are available online, or you can go to their office.

Federal Regulation The United States Department of Interior (DOI) has numerous areas of oversight pertaining to oil and natural gas operations in Texas through the various bureaus managed by the agency.

The Oil Leases and Gas Wells by District and Operator Index Archives begins with the April 2013 Index. The indexes for prior months are available on microfiche in Central Records. Central Records may be contacted at ims@rrc.texas.gov or 512-463-6882.

The API (American Petroleum Institute) number is a unique number assigned to every oil and gas well. It is used by agencies to identify and track oil and gas wells. Every oil and gas well permitted in West Virginia since 1929 has been issued an API number.

Mineral Deed vs. A mineral deed is less restrictive and grants more rights over the mineral interest than a royalty deed. The second distinction between these types of deed has to do with the size of the financial stake. The mineral deed holder receives a higher reward but at the cost of higher risk.

A mineral deed with special warranty in Texas conveys all or part of the oil, gas, and other minerals of a grantor in real property to a grantee, subject to certain warranties covering the grantor's period of ownership.

After a divorce, mineral rights can be transferred by submitting the divorce decree and conveyances to the county (where the minerals are located) for recording. They usually go to the same agency that records titles and property deeds. The county will return the recorded original documents to the new owner.

More info

From or stricken from the granting clause of the oil and gas lease. No standard or universal lease form exists in the oil and gas industry.You'll select up to three degrees that you're interested in and be guided through what you need to submit. Am. Petroleum Inst. , 448 U.S. 607, 655 n. Cross Reference Table: ALWD Guide to Legal Citation o § 7-500. Relating to O'Brien's involvement in the oil and gas industries in West Texas and in the. 3. Evidence, Criminal—United States. I. National Research Council (U.S.).

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Harris Texas Exhibit Schedule of Oil and Gas Leases Form 3