Montana Underground Storage Lease and Agreement (Surface and Minerals)

State:
Multi-State
Control #:
US-OG-1181
Format:
Word; 
Rich Text
Instant download

Description

This form is an underground storage lease and agreement for surface and minerals.
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  • Preview Underground Storage Lease and Agreement (Surface and Minerals)
  • Preview Underground Storage Lease and Agreement (Surface and Minerals)
  • Preview Underground Storage Lease and Agreement (Surface and Minerals)
  • Preview Underground Storage Lease and Agreement (Surface and Minerals)
  • Preview Underground Storage Lease and Agreement (Surface and Minerals)
  • Preview Underground Storage Lease and Agreement (Surface and Minerals)

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FAQ

For example, you (the mineral owner) sign an oil and gas lease with ABC Energy. Under that lease, you keep a 1/5 royalty interest. This means that each month you will receive 1/5 of the proceeds from production done by ABC Energy.

If you sign a mineral rights lease, then you are on your way to earning oil and gas royalties. As a mineral rights owner, you can receive royalty compensation. This is from the sale of crude oil, natural gas, and other valuable resources found on your property.

Landowners should consider consulting with a local mineral rights expert when it comes to reviewing the quality of a lease offer to determine if it is mutually beneficial- LandGate can refer mineral owners to a local expert. There are many factors that influence the calculation of mineral worth.

WHO OWNS THESE MINERAL RIGHTS? In Canada, property owners generally hold the surface rights, while mineral rights are usually owned by the provincial government.

Negotiating an oil and gas lease will require some research upfront. If you're a landowner interested in working with an oil and gas company, you should explore their history and experience. You'll want to work with a reputable company that works in your best interests, holds a high standard, and maintains insurance.

Surprisingly, these materials may or may not belong to the surface owner. Millions of acres of private land in the Montana/Dakotas region involve a split estate; where the surface ownership is private but the mineral rights are retained by the federal government or other entities.

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Montana Underground Storage Lease and Agreement (Surface and Minerals)