San Bernardino California Stipulation Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: San Bernardino
• Control #: US-OG-622
• Format: Word; Rich Text

Description

This form is used when the parties own nonparticipating royalty interests in various tracts of land. The Lease covers all of the lands owned by the parties. 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 Stipulation to stipulate and agree to the ownership of each party's respective share of the royalty reserved in the lease. The San Bernardino, California Stipulation Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease is a legal provision that outlines the rules and regulations regarding the payment of nonparticipating royalty for segregated tracts covered by a single oil and gas lease in San Bernardino, California. This stipulation is aimed at ensuring fair and equitable distribution of royalty payments to nonparticipating parties who may own a portion of the mineral rights within a larger lease area. It helps to protect the interests of these nonparticipating parties, especially in cases where the lease covers multiple tracts or parcels of land. The stipulation addresses various aspects related to the payment of nonparticipating royalty, including the calculation method, frequency of payment, and accounting procedures. It may specify the percentage or fraction of royalty payable to the nonparticipating parties based on their ownership share in the segregated tracts. The parties involved in the stipulation may include the lease operator, the landowners, and the nonparticipating parties. Different types of San Bernardino California Stipulation Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease may exist based on specific variations or modifications in the clauses. Some examples of these could be: 1. San Bernardino California Stipulation with Fixed Nonparticipating Royalty Percentage: This type of stipulation could state a fixed percentage of nonparticipating royalty payable to the segregated tract owners, regardless of fluctuations in oil and gas prices or production volumes. 2. San Bernardino California Stipulation with Variable Nonparticipating Royalty Percentage: This type of stipulation could specify a variable percentage of nonparticipating royalty that is subject to change based on certain predetermined factors like commodity prices, production levels, or market conditions. 3. San Bernardino California Stipulation with Alternative Royalty Calculation Method: This type of stipulation might utilize an alternative method, such as a flat fee or a sliding scale, for calculating the nonparticipating royalty instead of using a standard percentage-based approach. 4. San Bernardino California Stipulation with Preferential Nonparticipating Royalty Treatment: This type of stipulation could offer preferential treatment to certain nonparticipating parties, like the original landowners, by providing them with a higher nonparticipating royalty percentage compared to other parties. It is important to note that the specific types of stipulations may vary in practice, and their terminologies or variations might be highlighted in the actual legal documentation. Consultation with a legal professional familiar with San Bernardino, California oil and gas leasing practices is recommended for detailed information and guidance.

The San Bernardino, California Stipulation Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease is a legal provision that outlines the rules and regulations regarding the payment of nonparticipating royalty for segregated tracts covered by a single oil and gas lease in San Bernardino, California. This stipulation is aimed at ensuring fair and equitable distribution of royalty payments to nonparticipating parties who may own a portion of the mineral rights within a larger lease area. It helps to protect the interests of these nonparticipating parties, especially in cases where the lease covers multiple tracts or parcels of land. The stipulation addresses various aspects related to the payment of nonparticipating royalty, including the calculation method, frequency of payment, and accounting procedures. It may specify the percentage or fraction of royalty payable to the nonparticipating parties based on their ownership share in the segregated tracts. The parties involved in the stipulation may include the lease operator, the landowners, and the nonparticipating parties. Different types of San Bernardino California Stipulation Governing Payment of Nonparticipating Royalty Under Segregated Tracts Covered by one Oil and Gas Lease may exist based on specific variations or modifications in the clauses. Some examples of these could be: 1. San Bernardino California Stipulation with Fixed Nonparticipating Royalty Percentage: This type of stipulation could state a fixed percentage of nonparticipating royalty payable to the segregated tract owners, regardless of fluctuations in oil and gas prices or production volumes. 2. San Bernardino California Stipulation with Variable Nonparticipating Royalty Percentage: This type of stipulation could specify a variable percentage of nonparticipating royalty that is subject to change based on certain predetermined factors like commodity prices, production levels, or market conditions. 3. San Bernardino California Stipulation with Alternative Royalty Calculation Method: This type of stipulation might utilize an alternative method, such as a flat fee or a sliding scale, for calculating the nonparticipating royalty instead of using a standard percentage-based approach. 4. San Bernardino California Stipulation with Preferential Nonparticipating Royalty Treatment: This type of stipulation could offer preferential treatment to certain nonparticipating parties, like the original landowners, by providing them with a higher nonparticipating royalty percentage compared to other parties. It is important to note that the specific types of stipulations may vary in practice, and their terminologies or variations might be highlighted in the actual legal documentation. Consultation with a legal professional familiar with San Bernardino, California oil and gas leasing practices is recommended for detailed information and guidance.