This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
The Bexar Texas Reservation of a Call on, or Preferential Right to Purchase Production by Lessor is a legal provision that grants the lessor (landowner) certain rights and options regarding the production of minerals or resources on their property. This reservation ensures that the lessor has the first opportunity to purchase or acquire the produced minerals, oil, gas, or other resources extracted from their land. Under the Bexar Texas Reservation of a Call on, or Preferential Right to Purchase Production by Lessor, there are different types or variations that can be specified in the lease agreement. These include: 1. Mineral Production: This type of reservation applies to minerals such as oil, gas, coal, or any other valuable substances found beneath the surface of the leased property. The lessor reserves the right to buy or acquire a percentage of the produced minerals. 2. Oil and Gas Production: Specifically targeting oil and gas resources, this reservation allows the lessor to have a call on or preferential right to purchase the extracted oil and gas before it is sold to third parties. 3. Renewable Energy Production: With the growing importance of renewable energy sources, the Bexar Texas Reservation of a Call on, or Preferential Right to Purchase Production by Lessor can also apply to wind, solar, or other forms of renewable energy production on the leased property. The lessor can enjoy the right to purchase a portion of the energy produced. 4. Timber Production: In cases where the leased land contains valuable timber resources, the lessor may reserve a call on or preferential right to purchase the timber harvested from the property. This can ensure that the lessor has access to the lumber before it is sold to external buyers. 5. Water Rights: The reservation may also encompass the right to purchase or allocate water resources extracted or used on the leased property. This can be vital in areas with limited water availability, ensuring the lessor has control over the usage and distribution of water resources. It is important for lessors and lessees (those who extract resources) to clearly define the terms and conditions of the reservation within the lease agreement. This will include details such as the percentage of production the lessor can acquire, the pricing mechanism, the timeframe in which the lessor can exercise their preferential right, and any other relevant provisions. Overall, the Bexar Texas Reservation of a Call on, or Preferential Right to Purchase Production by Lessor is a key contractual clause that protects the interests of the lessor, allowing them to participate in the financial benefits of the resources extracted from their property and ensuring that they have the opportunity to acquire the produced materials before they are sold to external parties.The Bexar Texas Reservation of a Call on, or Preferential Right to Purchase Production by Lessor is a legal provision that grants the lessor (landowner) certain rights and options regarding the production of minerals or resources on their property. This reservation ensures that the lessor has the first opportunity to purchase or acquire the produced minerals, oil, gas, or other resources extracted from their land. Under the Bexar Texas Reservation of a Call on, or Preferential Right to Purchase Production by Lessor, there are different types or variations that can be specified in the lease agreement. These include: 1. Mineral Production: This type of reservation applies to minerals such as oil, gas, coal, or any other valuable substances found beneath the surface of the leased property. The lessor reserves the right to buy or acquire a percentage of the produced minerals. 2. Oil and Gas Production: Specifically targeting oil and gas resources, this reservation allows the lessor to have a call on or preferential right to purchase the extracted oil and gas before it is sold to third parties. 3. Renewable Energy Production: With the growing importance of renewable energy sources, the Bexar Texas Reservation of a Call on, or Preferential Right to Purchase Production by Lessor can also apply to wind, solar, or other forms of renewable energy production on the leased property. The lessor can enjoy the right to purchase a portion of the energy produced. 4. Timber Production: In cases where the leased land contains valuable timber resources, the lessor may reserve a call on or preferential right to purchase the timber harvested from the property. This can ensure that the lessor has access to the lumber before it is sold to external buyers. 5. Water Rights: The reservation may also encompass the right to purchase or allocate water resources extracted or used on the leased property. This can be vital in areas with limited water availability, ensuring the lessor has control over the usage and distribution of water resources. It is important for lessors and lessees (those who extract resources) to clearly define the terms and conditions of the reservation within the lease agreement. This will include details such as the percentage of production the lessor can acquire, the pricing mechanism, the timeframe in which the lessor can exercise their preferential right, and any other relevant provisions. Overall, the Bexar Texas Reservation of a Call on, or Preferential Right to Purchase Production by Lessor is a key contractual clause that protects the interests of the lessor, allowing them to participate in the financial benefits of the resources extracted from their property and ensuring that they have the opportunity to acquire the produced materials before they are sold to external parties.
