The Hillsborough Florida Exhibit Schedule of Oil and Gas Leases Form 3 is a crucial document used in the oil and gas industry to outline and record various lease information in Hillsborough County, Florida. This form serves as a detailed description and inventory of oil and gas leasing activities within the jurisdiction, providing essential data for both industry professionals and regulatory bodies. Understanding the different types of forms associated with the Hillsborough Florida Exhibit Schedule of Oil and Gas Leases Form 3 is important for proper documentation and compliance. 1. Hillsborough Florida Exhibit Schedule of Oil and Gas Leases Form 3 — Standard: This is the primary form utilized for recording and reporting oil and gas leases within Hillsborough County. It captures vital information such as lease location, terms and conditions, lessee and lessor details, lease duration, and any relevant reserves or resources associated with the lease. 2. Hillsborough Florida Exhibit Schedule of Oil and Gas Leases Form 3 — Amended: This type of form is used when there are modifications or updates to existing oil and gas leases in Hillsborough County. These amendments could involve changes in lease terms, extension of lease duration, adjustments to lease boundaries, or any other adjustments required throughout the lease period. 3. Hillsborough Florida Exhibit Schedule of Oil and Gas Leases Form 3 — Terminated: This form is utilized when a lease agreement comes to an end or is terminated in Hillsborough County. It includes details such as the reason for termination, date of termination, and any final reporting requirements or decommissioning procedures that must be followed. 4. Hillsborough Florida Exhibit Schedule of Oil and Gas Leases Form 3 — Transfer of Ownership: This specific form is used to document the transfer of lease ownership from one entity to another within Hillsborough County. It includes pertinent details about the transfer, such as the parties involved, effective date of transfer, and any associated agreements or legal considerations. These various forms play a fundamental role in maintaining a comprehensive record of oil and gas leasing activities within Hillsborough County, Florida. They ensure transparency, accountability, and regulatory compliance while providing valuable information for industry stakeholders and local authorities.