Guam Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure

• Category: Oil Gas and Minerals - Waivers
• State: Multi-State
• Control #: US-OG-155
• Format: Word; Rich Text

Description

This form serves to amend an oil and gas lease to allow a lessee to drill at any location on lands subject to a lease, including a location in close proximity to a building or structure on the lands subject to a lease. Guam Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a legal clause that may be included in a lease agreement for properties in Guam. This provision grants the lessor (owner of the land surface) the right to restrict any drilling or excavation activities within a certain distance of a specific structure on the leased property. This clause aims to protect the structure's integrity and ensure that drilling operations do not pose a risk to its safety. The Guam Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure can be categorized into two types: 1. Minimum Distance Requirement: This type of provision specifies a minimum distance within which drilling activities are prohibited around the designated structure. The distance is typically determined based on local regulations, environmental factors, and the specific structure's vulnerability. By enforcing this provision, the lessor ensures the safety and stability of the structure and reduces the potential for damage due to drilling activities. 2. Prior Authorization Requirement: In this type of Guam Waiver of Lease Provision, the lessor retains the exclusive right to grant authorization for drilling activities within the specified distance of the structure. Before any drilling operations can take place, the lessee (tenant or drilling operator) must seek permission from the lessor and obtain written consent. This type of provision allows the lessor to carefully assess each drilling proposal, taking into consideration the potential risks, environmental impacts, and the structure's structural integrity. It is important to note that the specific terms and conditions of the Guam Waiver of Lease Provision may vary depending on the agreement between the lessor and lessee. It is advisable for both parties to consult with legal professionals familiar with Guam's laws and regulations to ensure compliance and understanding of the specific provisions in the lease agreement. Keywords: Guam, lease provision, lessor, surface owner, drilling, specified distance, structure, waiver, legal clause, excavation, risk, safety, integrity, minimum distance requirement, prior authorization requirement, lessee, tenant, drilling operator, written consent, terms and conditions, legal professionals, compliance.

Guam Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a legal clause that may be included in a lease agreement for properties in Guam. This provision grants the lessor (owner of the land surface) the right to restrict any drilling or excavation activities within a certain distance of a specific structure on the leased property. This clause aims to protect the structure's integrity and ensure that drilling operations do not pose a risk to its safety. The Guam Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure can be categorized into two types: 1. Minimum Distance Requirement: This type of provision specifies a minimum distance within which drilling activities are prohibited around the designated structure. The distance is typically determined based on local regulations, environmental factors, and the specific structure's vulnerability. By enforcing this provision, the lessor ensures the safety and stability of the structure and reduces the potential for damage due to drilling activities. 2. Prior Authorization Requirement: In this type of Guam Waiver of Lease Provision, the lessor retains the exclusive right to grant authorization for drilling activities within the specified distance of the structure. Before any drilling operations can take place, the lessee (tenant or drilling operator) must seek permission from the lessor and obtain written consent. This type of provision allows the lessor to carefully assess each drilling proposal, taking into consideration the potential risks, environmental impacts, and the structure's structural integrity. It is important to note that the specific terms and conditions of the Guam Waiver of Lease Provision may vary depending on the agreement between the lessor and lessee. It is advisable for both parties to consult with legal professionals familiar with Guam's laws and regulations to ensure compliance and understanding of the specific provisions in the lease agreement. Keywords: Guam, lease provision, lessor, surface owner, drilling, specified distance, structure, waiver, legal clause, excavation, risk, safety, integrity, minimum distance requirement, prior authorization requirement, lessee, tenant, drilling operator, written consent, terms and conditions, legal professionals, compliance.