The lease forms are in two groups: “New” forms, and “Standard” forms. (There are changes in the forms of the “New” oil and gas leases from the “Standard” lease forms.)
These forms include oil and gas lease forms for the following states:
Alabama, New Mexico, California, New York, Colorado, North Dakota, Florida, Ohio, Illinois, Oklahoma, Indiana, Pennsylvania, Kansas, The Rocky Mountains, Kentucky, South Dakota, North Louisiana, Tennessee, Maryland, Texas, Michigan, Utah, Mississippi, Virginia, Montana, West Virginia, Nebraska, and Wyoming.
There are a total of over 400 forms: Leases, “addendums” or “riders” to add to leases, drafts, lease purchase reports, and other lease related forms.
The “New” state lease forms have been patterned after old “Standard” Producer 88 style lease forms, but seem to be “the” lease form most commonly used in those states.
The “New” lease forms have provisions which are intended to improve the terms of the lease from a lessee’s perspective. These changes include:
All of the lease forms are formatted in 8-1/2” x 11” paper size. These may be expanded to legal size when finalizing the lease form in your word processing package.
You will note that there are both Paid Up and Rental form leases. Rental forms leases are not commonly used as this time. However, they have been in the past, and in that there may be a need at some point in time for a rental form lease, or it may be preferred by a lessee, these forms are still available.
The leases do not have signature lines or acknowledgment forms on them. These will need to be added to your lease