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.
The Bexar Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a specialized lease agreement that allows oil and gas companies to extract resources from the Bexar County region in Texas. This lease offers the unique feature of "No Surface Occupancy," meaning that the lessee does not have the right to utilize the surface area for their operations. Instead, the lessee must access and extract resources through alternative methods, such as horizontal drilling. The Rocky Mountain Paid Up aspect of this lease indicates that the lessor receives compensation in the form of a lump sum payment upfront, ensuring that the lessor collects the full value of their mineral rights immediately. This differs from traditional lease agreements where the lessor receives royalty payments based on production. Variations of the Bexar Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B may include specific terms and conditions tailored to the unique characteristics of the leased land or specific requirements of the lessor. These variations may include: 1. Bexar Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B (Standard): This is the standard lease agreement that outlines the terms and conditions established by the Texas oil and gas industry for Bexar County. 2. Bexar Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B (Modified): This version of the lease agreement includes additional or altered provisions to cater to specific situations or address specific concerns of the lessor. These modifications could relate to surface protection, environmental considerations, or other factors deemed important by either party. The Bexar Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B provides a legally binding document that protects the interests of both the lessor and the lessee. Precise and clearly defined terms ensure a fair and mutually beneficial relationship throughout the oil and gas extraction process.The Bexar Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a specialized lease agreement that allows oil and gas companies to extract resources from the Bexar County region in Texas. This lease offers the unique feature of "No Surface Occupancy," meaning that the lessee does not have the right to utilize the surface area for their operations. Instead, the lessee must access and extract resources through alternative methods, such as horizontal drilling. The Rocky Mountain Paid Up aspect of this lease indicates that the lessor receives compensation in the form of a lump sum payment upfront, ensuring that the lessor collects the full value of their mineral rights immediately. This differs from traditional lease agreements where the lessor receives royalty payments based on production. Variations of the Bexar Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B may include specific terms and conditions tailored to the unique characteristics of the leased land or specific requirements of the lessor. These variations may include: 1. Bexar Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B (Standard): This is the standard lease agreement that outlines the terms and conditions established by the Texas oil and gas industry for Bexar County. 2. Bexar Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B (Modified): This version of the lease agreement includes additional or altered provisions to cater to specific situations or address specific concerns of the lessor. These modifications could relate to surface protection, environmental considerations, or other factors deemed important by either party. The Bexar Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B provides a legally binding document that protects the interests of both the lessor and the lessee. Precise and clearly defined terms ensure a fair and mutually beneficial relationship throughout the oil and gas extraction process.
