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

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-1149
• Format: Word; Rich Text

Description

This form is a subsurface underground storage lease and agreement from a surface owner with no rights to use the surface of the lands being granted. Maine Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) is a legally binding document outlining the terms and conditions for the use of the subsurface underground space for gas storage purposes. This agreement is specifically designed for surface owners who do not have the right to utilize the surface of the lands being granted for gas storage activities. An Underground Gas Storage Lease and Agreement in Maine grants the lessee the exclusive right to store natural gas or other hydrocarbon substances in the subsurface underground space of the leased property. This agreement is crucial in establishing the rights and responsibilities of both the surface owner and the lessee. Key points covered in the lease and agreement include: 1. Parties Involved: Clearly identifying the surface owner (lessor) and the lessee (gas storage company). 2. Grant of Rights: The lease provides the lessee with the exclusive right to use the subsurface underground space for storing natural gas or other hydrocarbon substances. 3. Lease Term: The agreement specifies the duration of the lease, including the commencement and expiration dates. 4. Rental Payments and Royalties: The rental payment amounts and any corresponding royalties owed to the surface owner are outlined in the lease. 5. Use Restrictions: The agreement may include provisions limiting the lessee's activities to ensure they do not interfere with the surface owner's use of the property. 6. Access Rights: The terms and conditions for the lessee's access to the subsurface underground space, such as construction of wells or pipelines, are established in the agreement. 7. Environmental Considerations: The lease may address environmental responsibilities, including procedures for handling spills, remediation obligations, and liability insurance requirements. 8. Indemnification and Liability: Provisions specifying the responsibilities of both parties regarding liability, indemnification, and insurance coverage are included to protect the interests of both the surface owner and the lessee. It is important to note that variations of the Maine Subsurface Underground Gas Storage Lease and Agreement may exist depending on specific circumstances, such as the type of gas being stored, geographical location, and additional terms negotiated between the surface owner and lessee.

Maine Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) is a legally binding document outlining the terms and conditions for the use of the subsurface underground space for gas storage purposes. This agreement is specifically designed for surface owners who do not have the right to utilize the surface of the lands being granted for gas storage activities. An Underground Gas Storage Lease and Agreement in Maine grants the lessee the exclusive right to store natural gas or other hydrocarbon substances in the subsurface underground space of the leased property. This agreement is crucial in establishing the rights and responsibilities of both the surface owner and the lessee. Key points covered in the lease and agreement include: 1. Parties Involved: Clearly identifying the surface owner (lessor) and the lessee (gas storage company). 2. Grant of Rights: The lease provides the lessee with the exclusive right to use the subsurface underground space for storing natural gas or other hydrocarbon substances. 3. Lease Term: The agreement specifies the duration of the lease, including the commencement and expiration dates. 4. Rental Payments and Royalties: The rental payment amounts and any corresponding royalties owed to the surface owner are outlined in the lease. 5. Use Restrictions: The agreement may include provisions limiting the lessee's activities to ensure they do not interfere with the surface owner's use of the property. 6. Access Rights: The terms and conditions for the lessee's access to the subsurface underground space, such as construction of wells or pipelines, are established in the agreement. 7. Environmental Considerations: The lease may address environmental responsibilities, including procedures for handling spills, remediation obligations, and liability insurance requirements. 8. Indemnification and Liability: Provisions specifying the responsibilities of both parties regarding liability, indemnification, and insurance coverage are included to protect the interests of both the surface owner and the lessee. It is important to note that variations of the Maine Subsurface Underground Gas Storage Lease and Agreement may exist depending on specific circumstances, such as the type of gas being stored, geographical location, and additional terms negotiated between the surface owner and lessee.