District of Columbia Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form)

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-1150
• Format: Word; Rich Text

Description

This form is a long form subsurface underground gas storage lease and agreement with landowner. District of Columbia Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) is a comprehensive legal document that outlines the terms and conditions between a gas storage operator and a landowner in the District of Columbia. This agreement governs the storage of gas in underground facilities located within the boundaries of the District of Columbia. Key terms and provisions covered in this agreement include: 1. Parties: Specifies the names and addresses of the gas storage operator and the landowner entering into the agreement. 2. Description of the Property: Provides a detailed description of the land and subsurface area where the gas storage facilities will be located, including metes and bounds, surface rights, and subsurface depths relevant to storage operations. 3. Purpose: Outlines the purpose of the agreement, which is to permit the gas storage operator to store and withdraw natural gas or other applicable gases from the underground facilities located on the landowner's property. 4. Term and Termination: Specifies the duration of the agreement, including the start and end date, as well as conditions for termination and renewal. 5. Payment and Royalties: Defines the compensation structure, including any upfront payments, ongoing royalties, and other financial considerations payable to the landowner. 6. Use and Access Rights: Grants the gas storage operator the right to enter the landowner's property for construction, operation, and maintenance of the gas storage facilities. It also establishes limitations on the landowner's use of the property and activities that may interfere with the gas storage operations. 7. Regulatory Compliance: Ensures that the gas storage operator complies with all applicable laws, regulations, and permits necessary for the storage activities. 8. Indemnification and Liability: Sets forth the responsibilities and liabilities of both parties in case of damages, accidents, or environmental issues arising from the gas storage operations. 9. Insurance: Requires the gas storage operator to maintain adequate insurance coverage to protect both parties from potential losses or damages. 10. Dispute Resolution: Describes the methods to resolve any disagreements or disputes that may arise during the term of the agreement, including mediation and arbitration provisions. Different variations or types of District of Columbia Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) may exist depending on specific circumstances. These variations could include agreements tailored to a particular region within the District of Columbia, different storage capacity requirements, or additional clauses addressing unique concerns or conditions associated with a particular location. It's essential to consult qualified legal professionals experienced in district-specific regulations and gas storage operations to ensure compliance, protection, and a mutually beneficial agreement for both the gas storage operator and the landowner.

District of Columbia Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) is a comprehensive legal document that outlines the terms and conditions between a gas storage operator and a landowner in the District of Columbia. This agreement governs the storage of gas in underground facilities located within the boundaries of the District of Columbia. Key terms and provisions covered in this agreement include: 1. Parties: Specifies the names and addresses of the gas storage operator and the landowner entering into the agreement. 2. Description of the Property: Provides a detailed description of the land and subsurface area where the gas storage facilities will be located, including metes and bounds, surface rights, and subsurface depths relevant to storage operations. 3. Purpose: Outlines the purpose of the agreement, which is to permit the gas storage operator to store and withdraw natural gas or other applicable gases from the underground facilities located on the landowner's property. 4. Term and Termination: Specifies the duration of the agreement, including the start and end date, as well as conditions for termination and renewal. 5. Payment and Royalties: Defines the compensation structure, including any upfront payments, ongoing royalties, and other financial considerations payable to the landowner. 6. Use and Access Rights: Grants the gas storage operator the right to enter the landowner's property for construction, operation, and maintenance of the gas storage facilities. It also establishes limitations on the landowner's use of the property and activities that may interfere with the gas storage operations. 7. Regulatory Compliance: Ensures that the gas storage operator complies with all applicable laws, regulations, and permits necessary for the storage activities. 8. Indemnification and Liability: Sets forth the responsibilities and liabilities of both parties in case of damages, accidents, or environmental issues arising from the gas storage operations. 9. Insurance: Requires the gas storage operator to maintain adequate insurance coverage to protect both parties from potential losses or damages. 10. Dispute Resolution: Describes the methods to resolve any disagreements or disputes that may arise during the term of the agreement, including mediation and arbitration provisions. Different variations or types of District of Columbia Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) may exist depending on specific circumstances. These variations could include agreements tailored to a particular region within the District of Columbia, different storage capacity requirements, or additional clauses addressing unique concerns or conditions associated with a particular location. It's essential to consult qualified legal professionals experienced in district-specific regulations and gas storage operations to ensure compliance, protection, and a mutually beneficial agreement for both the gas storage operator and the landowner.