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What else can I help you with?
Can a life estate tenant sign a oil and gas lease?
It would depend on the type of life estate. In most cases, they would be able to sign a lease for the length of their life. However, in most states the remaindermen would also need to sign. It is common practice for oil companies to ask the remaindermen to ratify a lease signed by a life tenant. You should consult with an attorney who specializes in that area of law.
What is a fair Oil and gas lease value in north west Oklahoma?
A fair oil and gas lease value in northwest Oklahoma typically ranges from $100 to $1,000 per acre, depending on factors such as the specific location, nearby production activity, and the quality of the underlying resources. Lease terms and bonuses can also influence the overall value. It's important to consult local market conditions and engage with industry professionals for the most accurate assessments.
What happened to Otis Oil and Gas Corporation?
For all of you doubting Thomases.....Otis Oil and Gas is coming back to life. Hold on to your britches!!!! Or, should I say, "Hold on to your stock certificate!"
What is eligibility to obtain gas dealership?
what is the eligibility of bharti gas dealership agency and how i get agency dealership
What nonrenewable source is used most to heat homes and businesses?
Non renewable sources of energy are used for multiple purposes in everyday life. Oil and natural gas are the main non renewable sources of energy used to heat homes and businesses.
Can a life estate tenant sign a oil and gas lease?
It would depend on the type of life estate. In most cases, they would be able to sign a lease for the length of their life. However, in most states the remaindermen would also need to sign. It is common practice for oil companies to ask the remaindermen to ratify a lease signed by a life tenant. You should consult with an attorney who specializes in that area of law.
What is an oil and gas lease sight draft?
What is a draft from a oil lease>? what should i do with it?
What is an Oil or Gas lease operator?
What is an oil and gas operator
Memorandum of oil and gas lease?
It is a notice in recordable form, that a Oil and Gas Lease does exist, between two parties of more. Usually done to keep details of the lease private.
What is ratification of an oil and gas lease?
Ratification of an oil and gas lease refers to the formal approval and confirmation of a previously executed lease agreement, typically by a party who was not originally a signatory. This process ensures that all parties involved acknowledge and agree to the terms of the lease, thereby making it legally binding. Ratification can occur when a landowner, for example, accepts the lease after its initial signing, or when an operator seeks to affirm the lease's validity. It helps to eliminate any ambiguities or disputes regarding the lease's enforceability.
Could you explain a Mother Hubbard clause in oil and gas lease?
Mother Hubbard clause in an oil an gas lease is a provision for leases in the event an small strip of land is omitted from the legal description by the lessor.
What is an oil and gas lease?
An oil and gas lease is an agreement where a landowner grants permission to explore and extract oil and gas on their property, in return for a predetermined royalty payment. This term also encompasses any license, lease agreement, sublease, or occupancy arrangement through which a lessee acquires the rights to extract hydrocarbons from the land. I came across a blog that covers everything you need to know about oil and gas leases at Mineralview. my point of view its a good reading blog
I was wonder when you get gas in a semi truck does the company you work for pay for the gas or do you have to pay for it out of your own pocket?
You don't put gas in a semi truck - they use diesel.If it's a company owned truck, the company pays for the fuel. Lease/operators and owner/operators who lease on with a company to run under their operating authority pay for their own fuel.
How do you remove and replace a power steering pump on a 2000 Saturn sl1?
lease gas cap on 2000 sl1
What happens when the original owner who is deceased granted a gas lease on my property?
If you want to know the nature of the lease you need to review the document that created it. You should be able to review the original at your local land records office.
What is an affidavit of non production?
In oil and gas law, an affidavit on non-production is a notarized document which asserts that no producing oil/gas well exists within a specified area. By affying that the lease is not being held by production of oil or gas from a well, an affidavit of non-production serves as termination for an oil and gas lease when the primary lease term has expired. The document may also make assertions about the nature of drilling operations and shut-in payments for that piece of land, depending on the terms of the lease.
How can you keep a gas company from drilling on your property?
You can prevent a gas company from drilling on your property by negotiating a lease agreement with terms that do not allow drilling or by seeking legal advice to explore options for protection under local zoning laws or regulations. You may also consider discussing alternative solutions with the gas company, such as offering to lease a different location on your property for drilling activities.
