landowner

Oil and Gas lease Bath Form Louisana Spec.

Offered a lease for oil and gas in La.  

Lease is a Bath Form LA. Spec.  Is there anything hidden in the fine print we should be cautious of?

Would appreciate private response from someone who has been thru this.

Thanks. 

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Oil & Gas ProPermalink Reply by Dion Warr, CPL on September 3, 2014 at 7:42

cs:

Are we to assume then that everyone that wishes to lease your property will be using the Cheap Shot Custom Lease Form #1, no riders?  How long does it usually take you to get that bounced back from in-house legal from the lessee?


Oil & Gas ProPermalink Reply by Andrew on September 4, 2014 at 0:19
It's important to note that there are currently at least three "standard" Bath forms in use: Bath 4A, Bath Revised 6, Bath 14BR1. Additionally, many companies use versions of these forms that they have modified in subtle but significant ways. So while Bath forms may be a familiar starting point, they should still be read carefully before signing any lease, even one with a rider.

Oil & Gas ProPermalink Reply by Dion Warr, CPL on September 4, 2014 at 2:36
Andrew:

Agree. I first always look for the Bath-Gram mark on the preprinted form. Several of the land and lease management software packages have scanned versions of these model forms which appear to be facsimiles of these forms, but language can be modified or added within these "standard forms" with a click of a mouse. As with any contract, a number of seemingly nondescript changes in content and wording which, when examined collectively, can result in far-reaching implications within the context of and during the life of the lease.

Additionally, there are variants of each model form. Bath designates these variants by adding geographic, revision date and/or lease type information to the form number. These can act as additional triggers to inspect the form if, for instance, a revision date does not match a similar form and/or revision date of a form more familiar to you. The MLB 1-64 variant, for instance, contains an additional article which is a boilerplate 5-year Pugh clause. But then we get down to preferences. I dealt with one attorney who insisted on this form variant, then modified the five-year Pugh to two years and added a stratigraphic termination. I usually provide the "stripped down" lease form, then add a two-year Pugh clause on the attached rider, and a one-year stratigraphic Pugh. He liked his change better, even though my client then gained an additional year on all strata. (Different strokes...)

I trust that you are referring above to variants of the 42 CPM. If not, I would add this as a major Bath model form.

Oil & Gas ProPermalink Reply by Benny Cooper on May 29, 2016 at 8:09

Hello,

I am wondering if you could help me out.  I'm looking a blank, digital copy of the Bath-Gram lease.  Would anyone happen to have one or know where I can buy one to use in the SW LA area. 

Any help would be much appreciated

Best regards,

Benny


Oil & Gas ProPermalink Reply by Two Dogs, Pirate on May 29, 2016 at 8:40

Paid Up or Rental?


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on May 29, 2016 at 10:40

There are multiple versions of the Producers 88.  Here is a link to one.  See pages 14 - 16.

https://www.pdffiller.com/en/project/65687514.htm?form_id=100111200


Oil & Gas ProPermalink Reply by Benny Cooper on May 31, 2016 at 4:58

Thank you Skip.  I tried to use the link you sent and this is what it said-

(Error:  Project access denied.  You do not have access to this project)

Is there another way to get to this link?  




Oil & Gas ProPermalink Reply by Benny Cooper on May 29, 2016 at 14:17

Rental would be great. 


Oil & Gas ProPermalink Reply by Two Dogs, Pirate on May 30, 2016 at 5:48

I sent you a friends request. PM me your email address.


Oil & Gas ProPermalink Reply by Benny Cooper on May 31, 2016 at 4:30

Just accepted and emailed you.  

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