The North Dakota Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) is a legal document that establishes the rights and responsibilities of the parties involved in granting the subsurface storage rights on a piece of land in North Dakota. This type of agreement is specifically designed for surface owners who wish to lease their underground storage rights while retaining ownership and control over the surface. Keywords: North Dakota, subsurface, underground storage, lease and agreement, surface owner, rights, lands, granted. There are a few different types of North Dakota Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted). These may include: 1. Natural Gas Storage Lease and Agreement: This specific type of agreement pertains to the storage of natural gas in underground formations owned by a surface owner. It outlines the terms and conditions related to the extraction, storage, and removal of natural gas from the designated subsurface area. 2. Oil Storage Lease and Agreement: Similar to the natural gas storage agreement, this type focuses on the storage of oil in underground formations. It lays out the specifics regarding the storage, access, extraction, and potential transportation of oil from the leased subsurface area. 3. Carbon Capture and Storage Lease and Agreement: With the growing importance of carbon capture and storage technologies, this type of agreement addresses the storage of carbon dioxide (CO2) in underground formations. It defines the conditions and obligations related to the secure and responsible storage of CO2 and may include provisions related to monitoring, liability, and the potential for future extraction. 4. Underground Water Storage Lease and Agreement: In some cases, surface owners may possess underground water storage rights and may enter into agreements to lease these rights to companies or entities requiring water storage. This type of agreement specifies the terms and conditions associated with the use, maintenance, and extraction of water from the subsurface storage area. It is essential for both the surface owner and the lessee to carefully review and negotiate the terms of the North Dakota Subsurface Underground Storage Lease and Agreement specific to their intended use and storage requirements. Consulting with legal professionals knowledgeable in North Dakota state laws is highly advisable to ensure compliance and protection of rights for all parties involved.
North Dakota Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right ot Use the Surface of the Lands being Granted)
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