Illinois Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) refers to a legal contract between a surface owner and a gas company for the purpose of storing natural gas underground. This lease and agreement allows the gas company to access and utilize the subsurface areas of the surface owner's land for the storage of natural gas, while the surface owner retains ownership and control over the surface of the property. Keywords: Illinois, subsurface, underground gas storage, lease and agreement, surface owner, natural gas, legal contract, access, utilization, ownership, control. Types of Illinois Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted): 1. Standard Subsurface Underground Gas Storage Lease: This is the typical agreement used between a surface owner and a gas company for underground gas storage. It outlines the terms and conditions under which the gas company is granted the right to access and utilize the subsurface areas of the land for gas storage. 2. Limited Term Subsurface Underground Gas Storage Lease: This type of lease and agreement specifies a fixed duration during which the gas company can store gas in the subsurface areas of the surface owner's land. Once the agreed-upon term ends, the gas company must either remove the stored gas or negotiate a new lease with the surface owner. 3. Exclusivity Subsurface Underground Gas Storage Lease: In this agreement, the gas company is granted exclusive rights to store gas in the subsurface areas of the surface owner's land. This means that no other gas company can access or utilize the storage space, providing the gas company with a competitive advantage. 4. Expansion Subsurface Underground Gas Storage Lease: This type of lease allows the gas company to expand their storage capacity in the subsurface areas of the surface owner's land. It outlines the conditions and limitations for such expansion, ensuring that the surface owner's interests are protected. 5. Seasonal Subsurface Underground Gas Storage Lease: This lease and agreement allow the gas company to store gas underground only during certain seasons or specific time periods. It is commonly used when the demand for natural gas fluctuates throughout the year, enabling efficient management of storage resources. 6. Multiple Well Subsurface Underground Gas Storage Lease: This agreement permits the gas company to construct and operate multiple gas wells on the surface owner's land for underground gas storage. It specifies the number of wells, their locations, and the rights and responsibilities of both parties regarding their operation. These are some potential types of Illinois Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted), each tailored to specific circumstances and requirements of the surface owner and the gas company involved.
Illinois Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted)
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