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.
Salt Lake Utah Pugh Clause is a legal provision commonly found in oil and gas leases. It specifically pertains to properties located in the Salt Lake area in Utah, United States. The Pugh Clause is named after Lawrence Pugh, who was instrumental in its development. The Salt Lake Utah Pugh Clause is designed to address the issue of lease termination and the release of undeveloped or non-producing portions of a leased property. It ensures that if a lessee fails to explore, develop, or produce oil or gas from a specific portion of the leased property by the agreed-upon deadline, that portion will be released back to the lessor, effectively terminating the lease for that area. Keywords: Salt Lake Utah, Pugh Clause, oil and gas leases, properties, lease termination, undeveloped, non-producing, lessee, explore, develop, produce, deadline, lessor, agreement. There are two main types of Salt Lake Utah Pugh Clause: 1. Full Pugh Clause: The full Pugh Clause requires that if any portion of the leased property is not being actively explored, developed, or producing oil or gas, that portion will be discharged from the lease while allowing the lease to remain in effect for the productive areas. This type of clause protects the lessor by ensuring continuous development and productive use of the property. 2. Partial Pugh Clause: The partial Pugh Clause, also known as a depth severance clause, operates similarly to the full Pugh Clause but focuses specifically on the vertical depth aspect of the lease. It stipulates that if a lessee fails to drill to a certain depth or produce oil or gas from a specific stratum, the lease will be terminated for that particular depth or stratum while remaining in effect for other areas. By incorporating the Salt Lake Utah Pugh Clause into their oil and gas leases, lessors can safeguard their interests and ensure that lessees commit to active exploration, development, and production rather than holding on to unproductive areas. This provision promotes efficient oil and gas operations while maximizing the use of leased properties. Keywords: Full Pugh Clause, partial Pugh Clause, depth severance clause, vertical depth, stratum, lease termination, lessees, exploration, development, production, lessors, oil and gas operations, leased properties.Salt Lake Utah Pugh Clause is a legal provision commonly found in oil and gas leases. It specifically pertains to properties located in the Salt Lake area in Utah, United States. The Pugh Clause is named after Lawrence Pugh, who was instrumental in its development. The Salt Lake Utah Pugh Clause is designed to address the issue of lease termination and the release of undeveloped or non-producing portions of a leased property. It ensures that if a lessee fails to explore, develop, or produce oil or gas from a specific portion of the leased property by the agreed-upon deadline, that portion will be released back to the lessor, effectively terminating the lease for that area. Keywords: Salt Lake Utah, Pugh Clause, oil and gas leases, properties, lease termination, undeveloped, non-producing, lessee, explore, develop, produce, deadline, lessor, agreement. There are two main types of Salt Lake Utah Pugh Clause: 1. Full Pugh Clause: The full Pugh Clause requires that if any portion of the leased property is not being actively explored, developed, or producing oil or gas, that portion will be discharged from the lease while allowing the lease to remain in effect for the productive areas. This type of clause protects the lessor by ensuring continuous development and productive use of the property. 2. Partial Pugh Clause: The partial Pugh Clause, also known as a depth severance clause, operates similarly to the full Pugh Clause but focuses specifically on the vertical depth aspect of the lease. It stipulates that if a lessee fails to drill to a certain depth or produce oil or gas from a specific stratum, the lease will be terminated for that particular depth or stratum while remaining in effect for other areas. By incorporating the Salt Lake Utah Pugh Clause into their oil and gas leases, lessors can safeguard their interests and ensure that lessees commit to active exploration, development, and production rather than holding on to unproductive areas. This provision promotes efficient oil and gas operations while maximizing the use of leased properties. Keywords: Full Pugh Clause, partial Pugh Clause, depth severance clause, vertical depth, stratum, lease termination, lessees, exploration, development, production, lessors, oil and gas operations, leased properties.
