Michigan 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. The Michigan 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 storage company regarding the use and occupation of subsurface underground gas storage facilities on the surface owner's land. This agreement grants the gas storage company exclusive rights to store and retrieve gas from designated underground cavities or reservoirs located beneath the surface owner's property. The goal of this lease and agreement is to regulate the use of the land for gas storage purposes, ensuring the rights of both parties are protected and addressing any potential liabilities or environmental concerns that may arise during the operation of the storage facilities. This comprehensive agreement helps establish obligations, responsibilities, and limitations for both the surface owner and the gas storage company. Keywords: Michigan, subsurface, underground gas storage, lease and agreement, surface owner, rights, use, lands, granted, gas storage company, facilities, occupation, cavities, reservoirs, property, regulation, liabilities, environmental concerns, operation, obligations, responsibilities, limitations. Different types of Michigan Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) may include: 1. Standard Lease and Agreement: This is the most common type and covers the basic terms and conditions regarding gas storage on the surface owner's land. 2. Renewal Lease and Agreement: This type allows for the extension of the initial lease period, granting the gas storage company additional time for gas storage operations. 3. Expansion Lease and Agreement: If the gas storage company intends to expand the storage facilities or utilize additional underground cavities within the surface owner's land, a separate agreement may be required to outline the terms and conditions for this expansion. 4. Termination Agreement: This agreement outlines the process and conditions under which the lease and agreement may be terminated, either by mutual consent or due to breaches or non-compliance by either party. 5. Environmental Protection Agreement: This specific type of agreement emphasizes the protection of the environment during the gas storage operations, addressing measures to prevent contamination, spills, or other negative impacts on the land or surrounding areas. It is important for surface owners and gas storage companies involved in such agreements to consult legal professionals experienced in Michigan subsurface gas storage regulations to ensure all relevant laws and regulations are followed and that the interests of both parties are properly reflected in the lease and agreement.

The Michigan 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 storage company regarding the use and occupation of subsurface underground gas storage facilities on the surface owner's land. This agreement grants the gas storage company exclusive rights to store and retrieve gas from designated underground cavities or reservoirs located beneath the surface owner's property. The goal of this lease and agreement is to regulate the use of the land for gas storage purposes, ensuring the rights of both parties are protected and addressing any potential liabilities or environmental concerns that may arise during the operation of the storage facilities. This comprehensive agreement helps establish obligations, responsibilities, and limitations for both the surface owner and the gas storage company. Keywords: Michigan, subsurface, underground gas storage, lease and agreement, surface owner, rights, use, lands, granted, gas storage company, facilities, occupation, cavities, reservoirs, property, regulation, liabilities, environmental concerns, operation, obligations, responsibilities, limitations. Different types of Michigan Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) may include: 1. Standard Lease and Agreement: This is the most common type and covers the basic terms and conditions regarding gas storage on the surface owner's land. 2. Renewal Lease and Agreement: This type allows for the extension of the initial lease period, granting the gas storage company additional time for gas storage operations. 3. Expansion Lease and Agreement: If the gas storage company intends to expand the storage facilities or utilize additional underground cavities within the surface owner's land, a separate agreement may be required to outline the terms and conditions for this expansion. 4. Termination Agreement: This agreement outlines the process and conditions under which the lease and agreement may be terminated, either by mutual consent or due to breaches or non-compliance by either party. 5. Environmental Protection Agreement: This specific type of agreement emphasizes the protection of the environment during the gas storage operations, addressing measures to prevent contamination, spills, or other negative impacts on the land or surrounding areas. It is important for surface owners and gas storage companies involved in such agreements to consult legal professionals experienced in Michigan subsurface gas storage regulations to ensure all relevant laws and regulations are followed and that the interests of both parties are properly reflected in the lease and agreement.