This form is a Rocky Mountain Lease agreement wherein Lessor grants, leases, and lets exclusively to Lessee the lands described within for the purposes of conducting seismic and geophysical operations, exploring, drilling, mining, and operating for, producing and owning oil, gas, sulfur, and all other minerals whether or not similar to those mentioned (collectively the oil or gas ), and the right to make surveys, lay pipelines, establish and utilize facilities for surface or subsurface disposal of salt water, construct roads and bridges, dig canals, build tanks, power stations, power lines, telephone lines, and other structures on the Lands, necessary or useful in Lessee's operations on the Lands or any other land adjacent to the Lands. This lease form also provides for pooling.
An Indiana Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a legally binding agreement between the lessor (the landowner) and the lessee (the oil and gas company) that grants the lessee the right to explore, extract, and produce oil and gas resources on a specific piece of land in Indiana. This lease type is especially applicable when the landowner wishes to conserve the surface of their property and does not want any surface disturbance. The Indiana Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B provides the lessee with exclusive access to the underground minerals while limiting any surface activities to protect the land from damage. This type of lease ensures that the landowner retains the surface rights, while the lessee gains the valuable sub-surface rights for oil and gas exploration. It is essential to understand that the lease pertains to the subsurface resources only and does not involve any right to use the land's surface for drilling, construction, or infrastructure development. Different variations or types of the Indiana Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B may include specific clauses or modifications tailored to individual circumstances. Some notable variations may include, but are not limited to: 1. No Surface Occupancy Provision: This clause explicitly states that the lessee is prohibited from conducting any surface operations related to oil and gas activities on the leased property. It emphasizes the landowner's desire to conserve the land's surface while allowing subsurface resource exploration. 2. Rocky Mountain Paid Up Provision: This provision outlines the payment arrangement between the lessor and lessee. It typically involves the lessee making a one-time upfront payment or bonus consideration to the lessor, thus eliminating any further rental payments or royalties. 3. Additional Clauses: Depending on the negotiation and agreement between both parties, additional clauses may be included in the Indiana Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B. These clauses might address issues such as liability, environmental protection, indemnification, and termination conditions. It is crucial for both the lessor and lessee to carefully review and understand the terms and conditions of the Indiana Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B before signing. Seeking legal advice is highly recommended ensuring all parties involved are protected and their rights are adequately represented.An Indiana Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a legally binding agreement between the lessor (the landowner) and the lessee (the oil and gas company) that grants the lessee the right to explore, extract, and produce oil and gas resources on a specific piece of land in Indiana. This lease type is especially applicable when the landowner wishes to conserve the surface of their property and does not want any surface disturbance. The Indiana Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B provides the lessee with exclusive access to the underground minerals while limiting any surface activities to protect the land from damage. This type of lease ensures that the landowner retains the surface rights, while the lessee gains the valuable sub-surface rights for oil and gas exploration. It is essential to understand that the lease pertains to the subsurface resources only and does not involve any right to use the land's surface for drilling, construction, or infrastructure development. Different variations or types of the Indiana Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B may include specific clauses or modifications tailored to individual circumstances. Some notable variations may include, but are not limited to: 1. No Surface Occupancy Provision: This clause explicitly states that the lessee is prohibited from conducting any surface operations related to oil and gas activities on the leased property. It emphasizes the landowner's desire to conserve the land's surface while allowing subsurface resource exploration. 2. Rocky Mountain Paid Up Provision: This provision outlines the payment arrangement between the lessor and lessee. It typically involves the lessee making a one-time upfront payment or bonus consideration to the lessor, thus eliminating any further rental payments or royalties. 3. Additional Clauses: Depending on the negotiation and agreement between both parties, additional clauses may be included in the Indiana Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B. These clauses might address issues such as liability, environmental protection, indemnification, and termination conditions. It is crucial for both the lessor and lessee to carefully review and understand the terms and conditions of the Indiana Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B before signing. Seeking legal advice is highly recommended ensuring all parties involved are protected and their rights are adequately represented.
