Delaware Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right ot Use the Surface of the Lands being Granted)

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-1151
• Format: Word; Rich Text

Description

This form is a subsurface underground gas storage lease and agreement from a surface owner with no rights to use the surface of the lands being granted. Delaware Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) Delaware, known for its rich natural resources, offers various types of subsurface underground storage leases and agreements to facilitate the utilization and management of underground storage spaces. Among them is the Delaware Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted). This type of lease specifically caters to surface owners who desire to lease their subsurface lands for storage purposes while retaining ownership and control over the surface. Key Features and Provisions: 1. Lease Duration: The agreement specifies the duration of the lease, delineating the agreed-upon timeframe during which the lessee has the right to access and utilize the subsurface storage space. 2. Subsurface Storage Rights: This lease grants the lessee the exclusive right to store materials, products, or substances in the agreed-upon subsurface area. The lease may specify specific types of items permitted for storage to ensure compliance with relevant laws and regulations. 3. No Surface Access: The surface owner retains no right to use the subsurface storage area. The lessee has the sole authority to access, maintain, and utilize the underground space without interference from the surface owner. 4. Compensation and Royalties: The lease enumerates the compensation arrangements, outlining the payment terms, frequency, and amount of royalties or rent the lessee is obligated to pay the surface owner for the right to utilize the subsurface storage area. 5. Maintenance and Restoration: The agreement typically includes provisions detailing the lessee's responsibilities for maintaining and repairing the subsurface storage area. Additionally, it may outline requirements and expectations for post-lease restoration, ensuring the area is returned to its original condition after lease termination. 6. Indemnification and Liability: The lease may address matters related to indemnification, holding the surface owner harmless from any liabilities or damages arising from the lessee's storage activities, accidents, or environmental impacts in the subsurface area. 7. Compliance with Laws and Regulations: The agreement emphasizes that all operations conducted within the subsurface storage area must comply with relevant state, federal, and local laws, regulations, and permits, particularly regarding environmental protection, safety, and security. Types of Delaware Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted): 1. Natural Gas Storage Agreement: This lease specifically focuses on the storage of natural gas within the subsurface area, providing the lessee with an exclusive right to store, extract, and manage natural gas reserves while the surface owner is excluded from surface access rights. 2. Oil Storage Lease: Tailored for oil storage purposes, this type of agreement grants the lessee the exclusive right to store oil or petroleum products within the designated subsurface storage area, without any surface access privileges for the surface owner. 3. Underground Chemical Storage Agreement: This lease is designed to facilitate the storage of chemicals or hazardous substances while ensuring the surface owner has no right or control over the subsurface storage activities. In summary, the Delaware Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) enables surface owners in Delaware to lease their subsurface lands for specialized storage purposes. It restricts surface access rights while providing the lessee with exclusive rights to utilize and manage the underground storage area for specific materials or substances, such as natural gas, oil, or chemicals.

Delaware Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) Delaware, known for its rich natural resources, offers various types of subsurface underground storage leases and agreements to facilitate the utilization and management of underground storage spaces. Among them is the Delaware Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted). This type of lease specifically caters to surface owners who desire to lease their subsurface lands for storage purposes while retaining ownership and control over the surface. Key Features and Provisions: 1. Lease Duration: The agreement specifies the duration of the lease, delineating the agreed-upon timeframe during which the lessee has the right to access and utilize the subsurface storage space. 2. Subsurface Storage Rights: This lease grants the lessee the exclusive right to store materials, products, or substances in the agreed-upon subsurface area. The lease may specify specific types of items permitted for storage to ensure compliance with relevant laws and regulations. 3. No Surface Access: The surface owner retains no right to use the subsurface storage area. The lessee has the sole authority to access, maintain, and utilize the underground space without interference from the surface owner. 4. Compensation and Royalties: The lease enumerates the compensation arrangements, outlining the payment terms, frequency, and amount of royalties or rent the lessee is obligated to pay the surface owner for the right to utilize the subsurface storage area. 5. Maintenance and Restoration: The agreement typically includes provisions detailing the lessee's responsibilities for maintaining and repairing the subsurface storage area. Additionally, it may outline requirements and expectations for post-lease restoration, ensuring the area is returned to its original condition after lease termination. 6. Indemnification and Liability: The lease may address matters related to indemnification, holding the surface owner harmless from any liabilities or damages arising from the lessee's storage activities, accidents, or environmental impacts in the subsurface area. 7. Compliance with Laws and Regulations: The agreement emphasizes that all operations conducted within the subsurface storage area must comply with relevant state, federal, and local laws, regulations, and permits, particularly regarding environmental protection, safety, and security. Types of Delaware Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted): 1. Natural Gas Storage Agreement: This lease specifically focuses on the storage of natural gas within the subsurface area, providing the lessee with an exclusive right to store, extract, and manage natural gas reserves while the surface owner is excluded from surface access rights. 2. Oil Storage Lease: Tailored for oil storage purposes, this type of agreement grants the lessee the exclusive right to store oil or petroleum products within the designated subsurface storage area, without any surface access privileges for the surface owner. 3. Underground Chemical Storage Agreement: This lease is designed to facilitate the storage of chemicals or hazardous substances while ensuring the surface owner has no right or control over the subsurface storage activities. In summary, the Delaware Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) enables surface owners in Delaware to lease their subsurface lands for specialized storage purposes. It restricts surface access rights while providing the lessee with exclusive rights to utilize and manage the underground storage area for specific materials or substances, such as natural gas, oil, or chemicals.