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 Nassau New York Pugh Clause is a legal provision that is commonly used in oil and gas leases to ensure that unproductive or expired portions of the leased property are released. It specifically applies to leases in Nassau County, New York. This clause safeguards the rights of both the lessor (landowner) and lessee (drilling company) in situations where only a portion of the leased land is producing oil or gas. The Nassau New York Pugh Clause operates by stipulating that, upon the expiration or termination of a lease, any undeveloped areas or zones within the leased premises are automatically released and returned to the lessor. This provision prevents the lessee from retaining unused or non-productive land, promoting efficient and fair use of the property. This type of Pugh Clause is particularly crucial in areas with multiple formations or zones that have varying levels of productivity. By incorporating this clause into an oil and gas lease, the lessor can ensure that any valuable portion of their property, capable of yielding oil or gas, is not tied up by unproductive zones. It is worth mentioning that there are various types of Pugh Clauses, each with slightly different provisions and requirements. Aside from the Nassau New York Pugh Clause, other common variations include the Standard Pugh Clause, Depth Pugh Clause, and Time Pugh Clause. The Standard Pugh Clause mandates that the lease will terminate automatically for any zone or formation that ceases to produce oil or gas, allowing the lessor to enter into new agreements or explore other options for the non-productive portions of their land. On the other hand, the Depth Pugh Clause specifically addresses vertical development. It stipulates that if a lease is not producing oil or gas from all depths specified in the agreement, the lessee retains the rights only to the productive zones while forfeiting the unproductive ones. The Time Pugh Clause defines the lease term and requires the release of unproductive areas upon lease expiration. This variation is particularly useful when the primary term of the lease extends beyond its productive ability, allowing the lessor to regain control of non-producing acreage. In conclusion, the Nassau New York Pugh Clause is a valuable provision found in oil and gas leases in Nassau County, New York. By incorporating this clause, both lessors and lessees can ensure that unproductive or expired portions of the leased property are automatically released, promoting fair use and avoiding the unnecessary tying up of non-productive land.The Nassau New York Pugh Clause is a legal provision that is commonly used in oil and gas leases to ensure that unproductive or expired portions of the leased property are released. It specifically applies to leases in Nassau County, New York. This clause safeguards the rights of both the lessor (landowner) and lessee (drilling company) in situations where only a portion of the leased land is producing oil or gas. The Nassau New York Pugh Clause operates by stipulating that, upon the expiration or termination of a lease, any undeveloped areas or zones within the leased premises are automatically released and returned to the lessor. This provision prevents the lessee from retaining unused or non-productive land, promoting efficient and fair use of the property. This type of Pugh Clause is particularly crucial in areas with multiple formations or zones that have varying levels of productivity. By incorporating this clause into an oil and gas lease, the lessor can ensure that any valuable portion of their property, capable of yielding oil or gas, is not tied up by unproductive zones. It is worth mentioning that there are various types of Pugh Clauses, each with slightly different provisions and requirements. Aside from the Nassau New York Pugh Clause, other common variations include the Standard Pugh Clause, Depth Pugh Clause, and Time Pugh Clause. The Standard Pugh Clause mandates that the lease will terminate automatically for any zone or formation that ceases to produce oil or gas, allowing the lessor to enter into new agreements or explore other options for the non-productive portions of their land. On the other hand, the Depth Pugh Clause specifically addresses vertical development. It stipulates that if a lease is not producing oil or gas from all depths specified in the agreement, the lessee retains the rights only to the productive zones while forfeiting the unproductive ones. The Time Pugh Clause defines the lease term and requires the release of unproductive areas upon lease expiration. This variation is particularly useful when the primary term of the lease extends beyond its productive ability, allowing the lessor to regain control of non-producing acreage. In conclusion, the Nassau New York Pugh Clause is a valuable provision found in oil and gas leases in Nassau County, New York. By incorporating this clause, both lessors and lessees can ensure that unproductive or expired portions of the leased property are automatically released, promoting fair use and avoiding the unnecessary tying up of non-productive land.
