A Montana Waiver of Call on Production is a legal document that allows an individual or a company to waive their right to have ownership royalties from production activities on their property. This waiver is commonly used in the oil, gas, and mineral industries in the state of Montana. In essence, when a property owner signs a Montana Waiver of Call on Production, they agree to forfeit any claims to a portion of the production revenue generated on their land. This waiver is typically signed in exchange for a set lease or rental payment, which provides an immediate financial benefit to the property owner. There are several types of Montana Waiver of Call on Production, each with its own specific purpose: 1. Surface Waiver: This type of waiver gives the production company the right to use the surface of the property for extraction activities. It often includes provisions related to road access, drilling locations, and land reclamation. 2. Royalty Waiver: A royalty waiver relinquishes the property owner's right to receive a percentage of the revenue generated from the production activities. Instead, they receive a lump sum payment or a fixed royalty amount. 3. Right of Way Waiver: A right of way waiver allows the production company to install pipelines, power lines, or other infrastructure on the property to transport the extracted resources. This waiver grants the company access to specific areas of the property for these purposes. 4. Non-Interference Waiver: A non-interference waiver stipulates that the property owner will not interfere with the production activities taking place on their property. It ensures that the production company can proceed with their operations without interruption. 5. Personal Injury Waiver: This type of waiver protects the production company from liability in case of personal injuries that occur on the property during production activities. It releases the company from any legal responsibility related to accidents or injuries sustained by workers or visitors. It is important for property owners considering a Montana Waiver of Call on Production to carefully review the terms and conditions included in the document before signing. Consulting with a legal professional or an industry expert is highly recommended to fully understand the implications and potential consequences of this waiver. Additionally, property owners should ensure that the compensation they receive in exchange for the waiver is fair and reflective of the value of their property and the potential profits generated from production activities.