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.
Cook Illinois Survey of Lands is a comprehensive survey that includes various types of land divisions and allocations within the state of Illinois for the purpose of oil and gas production. This survey plays a crucial role in determining the distribution and management of producing or proration units in the region. The Cook Illinois Survey of Lands involves the detailed examination and classification of land parcels in Cook County, Illinois, and other nearby areas. It provides valuable information about the geological formations, mineral rights ownership, and potential hydrocarbon resources present in these lands. The survey encompasses different types of Cook Illinois lands, including: 1. Producing Units: These are specific land areas that have been confirmed to contain commercially viable oil and gas reserves. The Cook Illinois Survey of Lands precisely identifies the boundaries, size, and characteristics of these units, which are essential for effective resource extraction and production. 2. Proration Units: Proration units refer to parcels of land that are designated for the fair and equitable allocation of oil and gas production within a specific field or reservoir. The Cook Illinois Survey of Lands defines the extent and boundaries of these units, ensuring accurate proration of resources among operators and preventing over-exploitation. 3. Unleashed or Undeveloped Lands: The Cook Illinois Survey of Lands also accounts for unleashed or undeveloped lands in the region. These are areas that have not yet been leased by the industry or have not undergone exploration and development activities. The survey highlights potential opportunities for future oil and gas exploration in these untapped lands. 4. Geological Features: Apart from land divisions, the survey also includes valuable information about geological formations within Cook Illinois. It provides data on different formations, such as the New Albany Shale, Mt. Simon Sandstone, and St. Peter Sandstone, which are relevant for understanding the potential for oil and gas accumulation. 5. Ownership and Rights: The Cook Illinois Survey of Lands outlines the ownership and rights associated with the land divisions and proration units. It identifies the stakeholders, leaseholders, and mineral rights holders, enabling effective negotiations, lease agreements, and revenue distribution. Overall, the Cook Illinois Survey of Lands is a comprehensive study that encompasses various types of land divisions, geological features, ownership details, and allocation units within the state of Illinois. It serves as a fundamental resource for the efficient and sustainable management of oil and gas production in the region, while also promoting responsible exploration and development practices.
