4.006  Multiple Uncancelled Leases

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Requirement 4.006

Multiple Uncancelled Leases

 

 Uncancelled Oil, Gas, and Mineral Leases:  The abstract reveals that the following described oil, gas, and mineral leases covering  Tract 1 are uncancelled of record:

 

(1) An oil, gas and mineral lease dated September 14, 1968, and recorded in Real Property Book 1968, page 151, granted by Sam Houston to Goliad Exploration, Inc.

 

(2)An oil, gas and mineral lease dated September 14, 1974, and recorded in Real Property Book 1974, page 151, granted by Sam Houston to Shiner Hops, Inc.

 

(3)An oil, gas and mineral lease dated September 14, 1980, and recorded in Real Property Book 1980, page 151, granted by Sam Houston to Luling Tanks, Inc.

 

 Requirement:  If possible, obtain cancellations of the above described oil, gas, and mineral leases, or obtain instruments releasing  Tract 1 from those leases. Alternatively: (i) furnish affidavits establishing the non-occurrence of any oil, gas, or mineral development, which could extend those leases beyond their primary terms; and (ii) furnish proof from the records of the State Oil & Gas Board of Alabama that no oil, gas, or mineral development or production has occurred, which could extend the leases beyond their primary terms.

Copyright 2011 by Edward G, Hawkins. All rights reserved.