4.006 Multiple Uncancelled Leases
|Top Previous Next|
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:
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.