This form is a Rocky Mountain Lease agreement wherein Lessor grants, leases, and lets exclusively to Lessee the lands described within for the purposes of conducting seismic and geophysical operations, exploring, drilling, mining, and operating for, producing and owning oil, gas, sulfur, and all other minerals whether or not similar to those mentioned (collectively the oil or gas ), and the right to make surveys, lay pipelines, establish and utilize facilities for surface or subsurface disposal of salt water, construct roads and bridges, dig canals, build tanks, power stations, power lines, telephone lines, and other structures on the Lands, necessary or useful in Lessee's operations on the Lands or any other land adjacent to the Lands. This lease form also provides for pooling.
A Nebraska Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a legal agreement between a landowner and an oil and gas company, granting the company the right to extract oil and gas from the land without occupying the surface. This type of lease is commonly used in Nebraska, where oil and gas extraction is a significant industry. The "No Surface Occupancy" provision means that the oil and gas company is not allowed to build any structures or conduct operations on the surface of the leased land. Instead, they can only access the underground resources through wells and underground pipelines, minimizing any potential disruption to the surface. The "Rocky Mountain Paid Up" clause refers to the payment arrangement specified in the lease. It means that the lessee (the oil and gas company) agrees to pay the lessor (the landowner) a lump sum amount upfront or in installments, thereby obtaining the right to develop and extract oil and gas from the leased land for a specified period. Form B typically refers to a specific version or variation of the Nebraska Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up lease. There may be other forms or versions, such as Form A, Form C, and so on, each with slight variations or additional clauses depending on the specific terms negotiated between the landowner and the oil and gas company. It is important for both parties to carefully review and understand the terms and conditions stated in the lease agreement, especially the rights and responsibilities of each party, payment details, royalty rates, duration of the lease, termination clauses, and any environmental or liability provisions. The Nebraska Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B provides a balanced approach, allowing the landowner to continue using the surface for other purposes while enabling the oil and gas company to extract valuable natural resources. The lease agreement serves as a legal framework to protect the interests of both parties and ensure responsible oil and gas extraction practices.
