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 San Antonio Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a type of lease agreement used in the oil and gas industry in San Antonio, Texas. This lease agreement specifically addresses the terms and conditions regarding the extraction of oil and gas reserves while maintaining a restriction on surface occupancy. The Rocky Mountain Paid Up clause refers to the payment structure of the agreement. Here is a detailed description of the key aspects and types of this lease: 1. Purpose: The San Antonio Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is designed to establish a legally binding agreement between the landowner and the energy company, granting the company the right to explore, develop, and extract oil and gas reserves on the property. 2. No Surface Occupancy: The "No Surface Occupancy" clause in this lease specifies that all drilling and extraction activities should be carried out without disturbing or occupying the surface of the land. This means that the energy company must utilize advanced drilling techniques, such as horizontal drilling or directional drilling, to access the subsurface reserves without disrupting the landowner's property. 3. Rocky Mountain Paid Up: The "Rocky Mountain Paid Up" clause outlines the payment structure for the lease agreement. This payment structure typically involves a one-time upfront bonus payment to the landowner, which grants the lessee the right to operate the leased property for a specific period. Unlike traditional lease agreements, where the landowner receives recurring royalty payments, this paid-up lease structure compensates the landowner upfront. 4. Extension and Termination: The San Antonio Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B may include provisions for extensions or termination of the lease. These provisions define the conditions under which the lease can be renewed, extended, or terminated by either party. Types of San Antonio Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B: 1. Short-Term Lease: This type of lease agreement grants the energy company rights to the property for a short duration, typically a few years. It allows the lessee to explore and extract oil and gas reserves without surface occupancy. 2. Long-Term Lease: A long-term lease extends the duration of the agreement, allowing the energy company to continue operations for a more extended period, often spanning decades. It still requires no surface occupancy, and the payment structure remains based on the Rocky Mountain Paid Up framework. 3. Customized Lease: The San Antonio Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B can also be customized to meet specific needs and requirements of the landowner and the energy company. Customizations may include specific provisions, additional clauses, and modifications to the payment structure to suit both parties involved. In conclusion, the San Antonio Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a lease agreement allowing energy companies to extract oil and gas reserves without surface disturbance. It offers a payment structure based on the Rocky Mountain Paid Up clause and can be further customized to meet specific lease requirements.The San Antonio Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a type of lease agreement used in the oil and gas industry in San Antonio, Texas. This lease agreement specifically addresses the terms and conditions regarding the extraction of oil and gas reserves while maintaining a restriction on surface occupancy. The Rocky Mountain Paid Up clause refers to the payment structure of the agreement. Here is a detailed description of the key aspects and types of this lease: 1. Purpose: The San Antonio Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is designed to establish a legally binding agreement between the landowner and the energy company, granting the company the right to explore, develop, and extract oil and gas reserves on the property. 2. No Surface Occupancy: The "No Surface Occupancy" clause in this lease specifies that all drilling and extraction activities should be carried out without disturbing or occupying the surface of the land. This means that the energy company must utilize advanced drilling techniques, such as horizontal drilling or directional drilling, to access the subsurface reserves without disrupting the landowner's property. 3. Rocky Mountain Paid Up: The "Rocky Mountain Paid Up" clause outlines the payment structure for the lease agreement. This payment structure typically involves a one-time upfront bonus payment to the landowner, which grants the lessee the right to operate the leased property for a specific period. Unlike traditional lease agreements, where the landowner receives recurring royalty payments, this paid-up lease structure compensates the landowner upfront. 4. Extension and Termination: The San Antonio Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B may include provisions for extensions or termination of the lease. These provisions define the conditions under which the lease can be renewed, extended, or terminated by either party. Types of San Antonio Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B: 1. Short-Term Lease: This type of lease agreement grants the energy company rights to the property for a short duration, typically a few years. It allows the lessee to explore and extract oil and gas reserves without surface occupancy. 2. Long-Term Lease: A long-term lease extends the duration of the agreement, allowing the energy company to continue operations for a more extended period, often spanning decades. It still requires no surface occupancy, and the payment structure remains based on the Rocky Mountain Paid Up framework. 3. Customized Lease: The San Antonio Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B can also be customized to meet specific needs and requirements of the landowner and the energy company. Customizations may include specific provisions, additional clauses, and modifications to the payment structure to suit both parties involved. In conclusion, the San Antonio Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a lease agreement allowing energy companies to extract oil and gas reserves without surface disturbance. It offers a payment structure based on the Rocky Mountain Paid Up clause and can be further customized to meet specific lease requirements.
