Agreement to Defer Production of State Royalty Gas - Louisiana

Agreement to Defer Production of State Royalty Gas - Louisiana

Agreement to Defer Production of State Royalty Gas is a legal document that was released by the Louisiana Department of Natural Resources - a government authority operating within Louisiana.

FAQ

Q: What is the Agreement to Defer Production of State Royalty Gas in Louisiana?
A: The Agreement to Defer Production of State Royalty Gas is a contract that allows the postponement of the production of gas owned by the state of Louisiana and the payment of associated royalties.

Q: Why would gas production be deferred?
A: Gas production can be deferred for various reasons, such as low market prices or the need for infrastructure development.

Q: Who owns the state royalty gas in Louisiana?
A: The state of Louisiana owns the royalty gas.

Q: What are royalties?
A: Royalties are payments made to the owner of a resource, such as gas, in exchange for the right to extract and sell it.

Q: How does the agreement work?
A: The agreement allows the producer to delay production of the state royalty gas and defer payment of royalties until a later date.

Q: Who can enter into the agreement?
A: Producers who have an ownership or contractual interest in the state royalty gas can enter into the agreement.

Q: Are there any conditions for entering into the agreement?
A: Yes, there may be conditions such as obtaining necessary approvals and complying with applicable laws and regulations.

Q: What are the benefits of deferring production?
A: Deferring production allows producers to avoid producing gas during low market prices and provides flexibility for infrastructure development.

Q: Is the agreement only applicable to gas production?
A: Yes, the agreement specifically relates to the deferral of production of state royalty gas.

Q: Who oversees the agreement?
A: The execution and administration of the agreement is overseen by the Office of Mineral Resources in Louisiana.

ADVERTISEMENT

Form Details:

  • The latest edition currently provided by the Louisiana Department of Natural Resources;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Louisiana Department of Natural Resources.

Download Agreement to Defer Production of State Royalty Gas - Louisiana

4.7 of 5 (66 votes)
  • Agreement to Defer Production of State Royalty Gas - Louisiana

    1

  • Agreement to Defer Production of State Royalty Gas - Louisiana, Page 2

    2

  • Agreement to Defer Production of State Royalty Gas - Louisiana, Page 3

    3

  • Agreement to Defer Production of State Royalty Gas - Louisiana, Page 4

    4

  • Agreement to Defer Production of State Royalty Gas - Louisiana, Page 5

    5

  • Agreement to Defer Production of State Royalty Gas - Louisiana, Page 6

    6

  • Agreement to Defer Production of State Royalty Gas - Louisiana, Page 1
  • Agreement to Defer Production of State Royalty Gas - Louisiana, Page 2
  • Agreement to Defer Production of State Royalty Gas - Louisiana, Page 3
  • Agreement to Defer Production of State Royalty Gas - Louisiana, Page 4
  • Agreement to Defer Production of State Royalty Gas - Louisiana, Page 5
  • Agreement to Defer Production of State Royalty Gas - Louisiana, Page 6
Prev 1 2 3 4 5 6 Next
ADVERTISEMENT