Common Contracts

Contract

December 31st, 2014

• Filed
  December 31st, 2014

On Nove m be r 29, 1950 (15 F R 8585), a n ew le a se fo r m w a s a dop t ed ( F o r m 4– 1158, 15 F R 8585) co n t a i n i n g p r ovisio n s w h e r eb y t h e lessee a g r ees t ha t n o t h i n g i n any co n t ra c t o r o t h e r arran ge m e n t m a de fo r t h e s a le o r dispos a l of oil, g a s, na t ura l g a soli n e, an d o t h e r p r od u c t s of t h e le a sed l an d, s ha ll be co n s t ru ed a s m odify i n g any of t h e p r ovisio n s of t h e le a se, i n cl u di n g, b u t n o t li m i t ed t o, p r ovisio n s r el a t i n g t o g a s w a s t e, t a k - i n g r o ya l t y- i n- k i n d, an d t h e m e t h od of co m p u t i n g r o ya l t ies d u e a s b a sed o n a m i n i m u m v a l ua t io n an d i n a cco r d an ce wi t h t h e oil an d g a s v a l ua t io n r eg u l a- t io n s. A co n t ra c t o r a g r ee m e n t p ur s u- an t t o a le a se co n t a i n i n g s u c h p r ovi- sio n s m ay be m a de wi t h o u t ob t a i n i n g p r io r a pp r ov a l o