Oil Shale Lease Amendment Sample Contracts

AMENDMENT - ML 43374 - OIL SHALE
Oil Shale Lease Amendment • May 17th, 2021

This oil shale lease was first issued effective May 1, 1987. It was most recently amended July 11, 2016 for its 30th lease year adjustment. This lease is located on the Seep Ridge Block in Uintah County and is part of the Seep Ridge Oil Shale Unit.

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AMENDMENT - ML 49924 - OIL SHALE
Oil Shale Lease Amendment • June 28th, 2021

This oil shale lease was first issued effective June 1, 2005 on a lease form having a 10-year primary term. This lease is part of the Holliday Block Logical Mining Unit.

SECOND AMENDMENT - ML 50150 - OIL SHALE
Oil Shale Lease Amendment • April 5th, 2021

The subject mineral lease for oil shale began December 1, 2005. It was amended in 2018 to remove some acreage. This lease is located on the Seep Ridge Block in Uintah County and is part of the Seep Ridge Oil Shale Unit.

BACKGROUND
Oil Shale Lease Amendment • July 26th, 2021

This oil shale lease was first issued effective August 1, 2005. The lease is currently in its extended term and is held within the Holliday Block Logical Mining Unit in Uintah County. The current rental is $1.00 per acre and the minimum royalty is $15.00 per acre.

AMENDMENT - ML 50151 - OIL SHALE
Oil Shale Lease Amendment • December 6th, 2021

Separately, a late penalty of 6% or $30.00, whichever is greater, shall be charged after failure to pay any financial obligation, excluding royalties as provided in R850-5-300(2), within the time limit under which such payment is due.

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