Get the free Application for Extension of Oil and Gas Lease – University Lands - utlands utsystem
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This document serves as an application for extending an Oil and Gas Lease covering University Lands, as per Texas Education Code Section 66.74, under specific conditions.
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How to fill out application for extension of
How to fill out Application for Extension of Oil and Gas Lease – University Lands
01
Obtain the Application for Extension of Oil and Gas Lease form from University Lands.
02
Review the lease terms to ensure eligibility for an extension.
03
Fill out the applicant's information including name, address, and contact details.
04
Provide details of the existing oil and gas lease, including lease number and expiration date.
05
Describe the reasons for requesting the extension and any relevant supporting information.
06
Sign and date the application form.
07
Submit the completed application to University Lands along with any required fees or documentation.
Who needs Application for Extension of Oil and Gas Lease – University Lands?
01
Lessees of oil and gas leases from University Lands who require more time to develop the property.
02
Companies or individuals who wish to maintain their rights to explore or extract resources beyond the original lease term.
03
Stakeholders involved in oil and gas operations that are impacted by lease expiration.
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What is Application for Extension of Oil and Gas Lease – University Lands?
The Application for Extension of Oil and Gas Lease – University Lands is a formal request submitted by leaseholders to extend the duration of their oil and gas lease agreements with University Lands, which manages mineral rights owned by the University of Texas System.
Who is required to file Application for Extension of Oil and Gas Lease – University Lands?
Leaseholders who wish to extend their existing oil and gas leases with University Lands are required to file the Application for Extension.
How to fill out Application for Extension of Oil and Gas Lease – University Lands?
To fill out the Application for Extension, leaseholders must complete the designated form provided by University Lands, providing necessary details about the lease, including lease number, property description, and other relevant information as stipulated in the instructions.
What is the purpose of Application for Extension of Oil and Gas Lease – University Lands?
The purpose of the Application for Extension is to allow leaseholders to request additional time to explore or develop oil and gas resources after the original lease term has expired, ensuring continued operations under University Lands.
What information must be reported on Application for Extension of Oil and Gas Lease – University Lands?
Reported information must include lease details such as the lease number, location of the lease, dates of the current lease term, and any associated production data or exploration activities, as well as the reasons for requesting an extension.
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