New Hampshire Gas Storage Agreement and Lease (Surface and Underground)

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-1012
• Format: Word; Rich Text

Description

This is an agreement and lease for surface and underground gas storage. New Hampshire Gas Storage Agreement and Lease (Surface and Underground) The New Hampshire Gas Storage Agreement and Lease (Surface and Underground) is a legal document that establishes an agreement between a gas storage operator and a lessee regarding the rights, responsibilities, and obligations related to the use and leasing of gas storage facilities in the state of New Hampshire. This agreement covers both surface and underground gas storage operations. There are several types of New Hampshire Gas Storage Agreement and Lease (Surface and Underground), depending on the specific terms, conditions, and purposes of the lease. Some different types include: 1. Underground Gas Storage Lease: This type of lease specifically focuses on the leasing of underground gas storage facilities, such as depleted natural gas reservoirs, salt caverns, or aquifers. It outlines the rights of the lessee to store, withdraw, and utilize natural gas within these underground reservoirs. 2. Surface Gas Storage Lease: This type of lease pertains to gas storage facilities that are primarily located on the surface, such as above-ground storage tanks, pipelines, compressors, and associated infrastructure. It specifies the terms and conditions for the lessee's use, maintenance, and operation of these facilities. 3. Combined Surface and Underground Gas Storage Lease: In some cases, gas storage facilities in New Hampshire may involve a combination of surface and underground components. This type of lease encompasses both types of facilities and covers all aspects of their usage, including storage capacity, access rights, safety regulations, and environmental considerations. Key terms commonly included in a New Hampshire Gas Storage Agreement and Lease (Surface and Underground) may incorporate: — Duration of the lease, including start and end dates, automatic renewals, and termination clauses. — Rental or payment obligations, which outline the financial commitments of the lessee to the gas storage operator. — Storage capacity and withdrawal rights, specifying the amount of gas that can be stored and withdrawn from the leased facilities. — Operating procedures and safety requirements to ensure compliance with industry standards and regulations. — Environmental considerations, including provisions for mitigation measures, monitoring, and reporting of potential impacts on air, water, and soil quality. — Indemnification and liability provisions, addressing the responsibility of the parties for any damages, accidents, or losses that may occur during operations. — Access and entry rights, outlining the lessee's rights to access and conduct necessary activities in the leased gas storage facilities. — Assignment and subleasing provisions, governing the rights of the lessee to transfer or sublease their interest in the lease to another entity. — Dispute resolution mechanisms, including arbitration or mediation processes to address any conflicts that may arise between the gas storage operator and the lessee. It is important for both parties involved in a New Hampshire Gas Storage Agreement and Lease (Surface and Underground) to carefully review and understand the terms and conditions outlined in the agreement before signing. Seeking legal advice and ensuring compliance with applicable state and federal regulations is crucial to protect the rights and interests of all parties involved in gas storage operations in New Hampshire.

New Hampshire Gas Storage Agreement and Lease (Surface and Underground) The New Hampshire Gas Storage Agreement and Lease (Surface and Underground) is a legal document that establishes an agreement between a gas storage operator and a lessee regarding the rights, responsibilities, and obligations related to the use and leasing of gas storage facilities in the state of New Hampshire. This agreement covers both surface and underground gas storage operations. There are several types of New Hampshire Gas Storage Agreement and Lease (Surface and Underground), depending on the specific terms, conditions, and purposes of the lease. Some different types include: 1. Underground Gas Storage Lease: This type of lease specifically focuses on the leasing of underground gas storage facilities, such as depleted natural gas reservoirs, salt caverns, or aquifers. It outlines the rights of the lessee to store, withdraw, and utilize natural gas within these underground reservoirs. 2. Surface Gas Storage Lease: This type of lease pertains to gas storage facilities that are primarily located on the surface, such as above-ground storage tanks, pipelines, compressors, and associated infrastructure. It specifies the terms and conditions for the lessee's use, maintenance, and operation of these facilities. 3. Combined Surface and Underground Gas Storage Lease: In some cases, gas storage facilities in New Hampshire may involve a combination of surface and underground components. This type of lease encompasses both types of facilities and covers all aspects of their usage, including storage capacity, access rights, safety regulations, and environmental considerations. Key terms commonly included in a New Hampshire Gas Storage Agreement and Lease (Surface and Underground) may incorporate: — Duration of the lease, including start and end dates, automatic renewals, and termination clauses. — Rental or payment obligations, which outline the financial commitments of the lessee to the gas storage operator. — Storage capacity and withdrawal rights, specifying the amount of gas that can be stored and withdrawn from the leased facilities. — Operating procedures and safety requirements to ensure compliance with industry standards and regulations. — Environmental considerations, including provisions for mitigation measures, monitoring, and reporting of potential impacts on air, water, and soil quality. — Indemnification and liability provisions, addressing the responsibility of the parties for any damages, accidents, or losses that may occur during operations. — Access and entry rights, outlining the lessee's rights to access and conduct necessary activities in the leased gas storage facilities. — Assignment and subleasing provisions, governing the rights of the lessee to transfer or sublease their interest in the lease to another entity. — Dispute resolution mechanisms, including arbitration or mediation processes to address any conflicts that may arise between the gas storage operator and the lessee. It is important for both parties involved in a New Hampshire Gas Storage Agreement and Lease (Surface and Underground) to carefully review and understand the terms and conditions outlined in the agreement before signing. Seeking legal advice and ensuring compliance with applicable state and federal regulations is crucial to protect the rights and interests of all parties involved in gas storage operations in New Hampshire.