This form is used when the Lessor desires to sell, subdivide, or partition all or a part of the lands covered by the Lease (the Lands ), and has requested a partial waiver of surface use of certain portions of the Lands subject to the Lease, and a waiver is agreeable to Lessee. This Agreement relates solely to the surface use and does not in any other way affect or diminish the Lessee's rights, interests and estate under the Lease.
The Guam Agreement Waiving Surface Use by Oil and Gas Lessee is a legal document that outlines the rights and responsibilities of oil and gas lessees in relation to surface use in Guam. This agreement is relevant for companies engaged in oil and gas exploration and production activities in Guam. Under this agreement, the lessee is granted the right to explore and extract oil and gas resources from beneath the surface of the land. However, it also specifies that the lessee must waive their rights to use the surface of the land for any activities related to their operations, such as drilling, extraction, or transportation. By waiving the surface use rights, the lessee acknowledges and accepts the potential impact their operations may have on the land. This includes any disruption to the environment, vegetation, and local communities. The agreement aims to strike a balance between allowing the utilization of valuable energy resources and protecting the natural and social environment of Guam. It is important to note that there may be variations of the Guam Agreement Waiving Surface Use by Oil and Gas Lessee, depending on specific circumstances and regulatory frameworks. For example, there might be different versions tailored for offshore oil and gas operations or specific geographical areas within Guam. This agreement is essential in guaranteeing that oil and gas exploration and production activities in Guam are conducted responsibly and in compliance with relevant laws and regulations. It ensures that lessees understand and agree to the limitations placed on their surface use rights, emphasizing the need for environmental stewardship and social responsibility. Keywords: Guam, Agreement, Waiving Surface Use, Oil and Gas Lessee, exploration, extraction, operations, drilling, transportation, environmental impact, vegetation, communities, regulatory frameworks, offshore operations, responsible conduct, compliance, environmental stewardship, social responsibility.
