Final finding and decision of the director regarding oil and gas lease sale 39

Beaufort Sea. by Alaska. Division of Minerals and Energy Management.

Publisher: State of Alaska, Dept. of Natural Resources, Division of Minerals and Energy Management in Anchorage, Alaska

Written in English
Published: Pages: 70 Downloads: 252
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  • Alaska.,
  • Beaufort Sea Area.


  • Oil and gas leases -- Alaska.,
  • Oil and gas leases -- Beaufort Sea Area.
LC ClassificationsHD243.A3 A44 1983
The Physical Object
Paginationiii, 70 p. :
Number of Pages70
ID Numbers
Open LibraryOL3002407M
LC Control Number84621450

The Minerals Management Service estimates the Chukchi holds more than 15 billion barrels of recoverable oil and 77 trillion cubic feet of natural gas. The February lease sale in the Chukchi attracted a total of $ billion in high bids, a record for Alaska lease sales. OIL & GAS LEASING. Lease: An agreement executed by the mineral owner (Lessor) to another (Lessee) granting the exclusive right to explore, drill and produce oil and gas from a particular tract of land. A Lessor may be a County, State or the Federal Government. An oil and gas lease is a complicated document. From a legal standpoint, it is considered to create a “fee simple determinable.” Generally speaking, during the “primary term” of the lease, the oil company has the right to explore for and produce oil and gas from your property. If the oil company is successful and there is production. in Oil and Gas, Natural Resources, and Energy Journal by an authorized editor of University of Oklahoma College of Law Digital Commons. For more information, please [email protected] Recommended Citation David D. Hunt II,Oil and Gas Title Examination: The Basics, 1Oil & Gas, Nat. Resources & Energy J ().

The lease should have an expiration date. However, the lease will not expire as long as there is a producing well within the unit. The operating company also has the option of paying you "shut-in" royalties to keep the lease from expiring in the absence of a producing well. The OP asked about not signing the lease if all of the neighbors sign.   In two recent cases, the Texas Supreme Court reviewed what are called “retained acreage” clauses in gas and oil leases. Consistent with recent precedent, the Court instructs that these clauses are to be interpreted based on the language used and that the intent of the parties is to be the guiding principle.   Failure to Properly Record a Memorandum of Oil & Gas Lease Has Potentially Dire Consequences. Septem Under Pennsylvania law, failure to record a lease, including an oil and gas lease, or a memorandum of the lease in compliance with statutory formalities, can expose a lessee to a superior claim from a subsequent interest holder such as a purchaser, lessee, mortgagee .   A Louisiana oil and gas attorney should be able to handle this for you, and Louisiana does allow, in some unpaid royalty cases, for the judge to award attorney's fees. In other words, if you have a strong case and CHK has truly been giving you the runaround, there is the possibility that CHK will end up paying for your attorney for you.

Full text of "Innocent purchaser of oil and gas lease.A discussion of the estate created by an oil & gas lease" See other formats. Reserve Manager Oil Gas jobs available on Apply to Resident Project Representative - Oil & Gas, Supply Chain Manager, Operations Manager and more!   this document may not sell,convey,transfer,,include or issue the title to the coal and right of support underneath the surface land described or referred to herein, and the owner or owners of such coal may have the complete legal right to remove all such coal, and in that connection,damage may result to the surface of the land and any house, building or other structures on or in such land. The oil and gas lease is more like a deed to minerals and a contract to pay royalties than a property lease. A professor of oil and gas law in Texas has commented that the Producers 88 should be "banned" because it is so one sided, leaves no real protection for the landowner, and affords no practical remedy for any misdeeds without expensive.

Final finding and decision of the director regarding oil and gas lease sale 39 by Alaska. Division of Minerals and Energy Management. Download PDF EPUB FB2

They alleged that the oil and gas lease signed by Leon Oscar Sr. was not binding on them as remaindermen following Leon Oscar’s life estate, and that EOG and ConocoPhillips owed them an accounting and payment for 1/4 of the net profits from oil and gas production from the Ranch, from the date of first production.

range of oil and gas matters, including the Ohio Dormant Minerals Act, lease forfeiture actions, lease terms, oil and gas well construction issues, seismic surveys, water testing, division orders, pipeline easements, eminent domain and appropriation.

Eric Gallon counsels on. Oil and gas lease agreements generally provide for the lessee to begin drilling for oil and gas on the property within one year after the granting of the lease.

If drilling has not begun within this period of time, the lease agreement will either expire or provide for the payment of a sum of money in order for the lessee to retain the lease. Page 34 - Water and oil, and still more strongly gas, may be classed by themselves, if the analogy be not too fanciful, as minerals Ferae naturae.

In common with animals, and unlike other minerals, they have the power and the tendency to escape without the volition of the owner. Their "Fugitive and wandering existence within the limits of a particular tract is uncertain," as said by Chief. The requirement that the lease contain an adequate legal description comes from the Statute of Frauds.

That statute in Texas is in Texas Business and Commerce Code, Section It provides that any agreement regarding land, including an oil and gas lease, must be in writing and must contain a description of the property. This textbook covers material to perform work in the Oil & Gas Industry with an emphasis on field production operations.

The material is an introduction to several pieces of surface equipment, the primary types of artificial lift operations, and how the typical field employee, (a.k.a.

Lease Operator), might apply this knowledge for the benefit of improved efficiencies in operating oil & gas Format: Paperback. Read 1 Answer from lawyers to Can an operator of an oil and gas lease file for partition to exclude one working interest owner (forcing him to sell) - Kansas Energy, Oil and Gas Questions & Answers.

In his Will, the decedent specified that “the oil, gas and mineral rights under the said property are devised to each of my children, share and share alike, for life,” remainder to the decedent’s grandchildren.

Inthe district court entered an estate closing order that named the decedent’s three children as the owners of. A lease for oil and gas extraction is divided into two terms.

The first term is called the primary term. The primary term is divided into annual events commencing with the effective date of the lease[i]. On each anniversary date when production or operations are not occurring, the operator must tender a delay rental to keep the lease in force.

OIL & GAS LEASES IN NORTH CAROLINA: Summary of Landowner and Public Protections in the Law P.L. ) and S.L.

): 1. NOTICE AND ENTRY TO PROPERTY A. Operations That Do Not Disturb the Surface: A gas developer or operator must give the surface owner 14 days written notice by certified mail (which.

DENVER – The Bureau of Land Management will offer parcels totalingacres in Grand, Jackson, Moffat, Rio Blanco and Routt counties at its June 9,quarterly oil and gas lease sale. The BLM will hold the lease sale online via Bidding will begin at.

interest in unextracted oil and gas relating to the debtor’s real property. Whether the debtor’s oil and gas rights were properly scheduled was a significant factor in determining whether the debtor could retain the proceeds of the sale of his oil and gas rights.

But more importantly, for. Oil Gas and Minerals. This power of attorney grants the agent/attorney in fact more comprehensive powers in dealing with oil and gas properties.

By being durable, it allows the agent to execute oil and gas leases and otherwise deal with properties after the disability or incap. WASHINGTON, D.C. — After thorough environmental analysis and substantial opportunity for public input, the Department of the Interior today issued a Record of Decision affirming Chukchi Sea OCS Oil and Gas Lease Sale and the remaining oil and gas leases issued in as a result of the sale.

“The Arctic is an important component of the Administration's national energy. amendments since The Federal Oil & Gas Royalty Management Act, the Federal Onshore Oil & Gas Leasing Reform Act and Federal Oil & Gas Royalty Simplification and Fairness Act are the more recent amendments.

Section (a) of FOOGLRA contains the mandate for BLM. You might be asked whether BLM is required to lease Federal lands for oil and. *To get a copy of the ’s West Virginia Surface Owners’ Guide to Oil and Gas, just do an Internet search for the title.

** If there are non-producing wells on the property under an existing lease, it may be possible to get the old lease cancelled and the wells plugged, but that is not the subject. The primary duty owed to a non-participating mineral owner by an executive rights owner is the duty to lease.

This duty does not necessarily mean that an executive rights holder must lease, but it means that if the executive rights holder offers the land to lease it must be on terms that are favorable to the non-participating mineral owner.

Summary: Investigation of Falsification of Approval of Oil and Gas Leases Report Date: J OIG investigated allegations that Bureau of Indian Affairs (BIA) employees falsified oil and gas lease extension documents related to an oil and gas exploration company. Inin reaction to the SemCrude decision, Oklahoma revised its Oil and Gas Owners’ Lien Act.

32 First, Oklahoma’s act removed the lien from the scope of the Uniform Commercial Code by stating that the “oil and gas lien granted by this act is granted and shall exist as part of and incident to the ownership of gas and oil rights.

1 1. Lease Term - This is another area of concern that you can alleviate with the right wording. The lease is for 5 years. Sometimes landowners will read the lease before signing and realize that the lease renews automatically if any oil/gas are produced from the well. Do not stress this point.

Just state that the lease. The national average salary for a Director - Oil and Gas is $, in United States. Filter by location to see Director - Oil and Gas salaries in your area.

Salary estimates are based on 1 salaries submitted anonymously to Glassdoor by Director - Oil and Gas employees. Director Sales Oil Gas jobs available on Apply to Sales Director, Sales Professional, Director of Transportation and more.

PDF version: Summary judgement on an oil and gas lease termination case Decision commented on: P Burns Resources Limited v Locke, Stock and Barrel Company Limited, ABQB In this appeal from an unreported decision of Master Laycock, Justice Bensler granted partial summary judgement on an application for a declaration that a petroleum and natural gas lease had.

Additionally, the lease document is extremely critical. It’s not as if there are standards forms that apply to drafting oil and gas leases. Consequently, it’s crucial to retain legal counsel with experience in mineral deeds. It is imperative that you as a landowner are comfortable with the final provisions of the lease.

Cadwalader, Wickersham & Taft LLP 3 recommended9 that the district court find J. Aron to be a “buyer for value” or “buyer in the ordinary course” that took the oil and gas free of the producers’ liens On Jthe Delaware district court adopted the bankruptcy court’s findings and. And finally, there is no such thing as a Standard oil and gas lease, although the term is used on a regular basis.

A lease generally begins as a preprinted, fill-in-the-blank form purchased at a printer who also furnishes blank wills, deeds, and mortgages. There are many types of leases, each designed for a different purpose. Oil Patch Insurance is a division of Alliant Insurance Services, Inc. We are a premier provider of Oil & Gas Patch Insurance for Operators, Well Service Contractors, Consultants, and Engineers.

We work with the largest Insurance Companies in the world. Contact us today for more information. NMLC Current Authorized - Oil and Gas Operating Rights 1, Oil and Gas Non-Competitive Lease on Public Land Lea, NM - Transfer of Operation Rights Filed 2/6/ Oil and Gas Lease News From The Drillings™.

Washburn Law's Oil and Gas Law Center leads the way in providing innovative curricular and extracurricular instruction that integrates the practice of law with the study of law. Highlights from covered in the Director's annual report include: George Bruce, '80, discusses "Oil and Gas Law in Troubled Times" (page 1).

Seneca Resources is a corporation lessee based in Houston, Texas for 37 oil and gas leases—21 are authorized and 2 are closed. CA - Assignment Approved 6/1/ CALA A Current Authorized - Oil and Gas Lessee Oil and Gas Non-Competitive Lease on Public Land Ventura.

Tract books,with index, ca. Fee patent correspondence, Records relating to land sales, Crow land sales advertisements, Canceled land sale applications, Land lease case files, Competent Indian land leases, Oil lease case files, ca.

Canceled oil and gas leases,   Working interests refer to a form of investment in oil and gas drilling operations in which the investor is directly liable for a portion of the ongoing costs associated with exploration, drilling.The Virginia Gas and Oil Act § Definitions.

As used in this chapter, unless the context clearly indicates otherwise: "Abandonment of a well" or "cessation of well operations" means the time at which (i) a gas or oil operator has ceased operation of a well and has not properly plugged the well and reclaimed the site as required by this chapter, (ii) the time at which a gas or oil.