New Hampshire Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form)

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-1148
• Format: Word; Rich Text

Description

This form is a long form subsurface underground carbon dioxide storage lease and agreement with landowner. Detailed Description of New Hampshire Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form) The New Hampshire Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form) is a legally-binding contract between the state of New Hampshire and a landowner. This agreement outlines the terms and conditions for the storage and management of carbon dioxide (CO2) in underground subsurface reservoirs on the landowner's property. Keywords: New Hampshire, Subsurface Underground, Carbon Dioxide Storage, Lease, Agreement, Landowner, Long Form. The primary purpose of this agreement is to establish a framework for the leasing and utilization of underground subsurface reservoirs on the landowner's property for long-term carbon dioxide storage purposes. This process is aimed at mitigating greenhouse gas emissions and combating climate change by permanently storing CO2 underground, thereby reducing its release into the atmosphere. Different types of New Hampshire Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form) can include variations based on the specific provisions and considerations relevant to the property and landowner. These may include: 1. Exploration and Assessment: This type of agreement allows the lessee to conduct preliminary exploration and assessment activities to determine the suitability of the property for subsurface underground carbon dioxide storage. It may involve geophysical surveys, geological assessments, and subsurface characterization studies. 2. Lease Term and Rent: This component of the agreement specifies the duration of the lease, including the initial term and any renewal options. It also outlines the financial arrangements, including rent or royalty payments to be made by the lessee to the landowner. 3. Underground Storage Operations: This section covers the rights and obligations of both the landowner and the lessee regarding the operation and management of the subsurface underground storage site. It may include provisions related to storage capacity, injection and withdrawal protocols, monitoring and reporting requirements, and liability and indemnity. 4. Environmental and Safety Compliance: This aspect emphasizes the importance of adhering to applicable environmental and safety regulations during all stages of the carbon dioxide storage operations. It may include provisions pertaining to site closure and decommissioning, emergency response plans, and insurance requirements. 5. Landowner Consent and Surface Access: This part of the agreement addresses the landowner's consent for underground storage activities and specifies the rights granted to the lessee regarding surface access needed for operations. It may cover matters like access roads, well drilling, pipeline installations, and land restoration obligations. 6. Termination and Dispute Resolution: This section outlines the circumstances under which the agreement may be terminated by either party. It also lays out the procedure for resolving any disputes or conflicts that may arise during the implementation of the agreement, including mediation or arbitration processes. The New Hampshire Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form) aims to facilitate the responsible development and utilization of subsurface underground storage sites for carbon dioxide. It ensures that the landowner's rights and interests are protected while promoting sustainable and environmentally conscious practices towards mitigating climate change.

Detailed Description of New Hampshire Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form) The New Hampshire Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form) is a legally-binding contract between the state of New Hampshire and a landowner. This agreement outlines the terms and conditions for the storage and management of carbon dioxide (CO2) in underground subsurface reservoirs on the landowner's property. Keywords: New Hampshire, Subsurface Underground, Carbon Dioxide Storage, Lease, Agreement, Landowner, Long Form. The primary purpose of this agreement is to establish a framework for the leasing and utilization of underground subsurface reservoirs on the landowner's property for long-term carbon dioxide storage purposes. This process is aimed at mitigating greenhouse gas emissions and combating climate change by permanently storing CO2 underground, thereby reducing its release into the atmosphere. Different types of New Hampshire Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form) can include variations based on the specific provisions and considerations relevant to the property and landowner. These may include: 1. Exploration and Assessment: This type of agreement allows the lessee to conduct preliminary exploration and assessment activities to determine the suitability of the property for subsurface underground carbon dioxide storage. It may involve geophysical surveys, geological assessments, and subsurface characterization studies. 2. Lease Term and Rent: This component of the agreement specifies the duration of the lease, including the initial term and any renewal options. It also outlines the financial arrangements, including rent or royalty payments to be made by the lessee to the landowner. 3. Underground Storage Operations: This section covers the rights and obligations of both the landowner and the lessee regarding the operation and management of the subsurface underground storage site. It may include provisions related to storage capacity, injection and withdrawal protocols, monitoring and reporting requirements, and liability and indemnity. 4. Environmental and Safety Compliance: This aspect emphasizes the importance of adhering to applicable environmental and safety regulations during all stages of the carbon dioxide storage operations. It may include provisions pertaining to site closure and decommissioning, emergency response plans, and insurance requirements. 5. Landowner Consent and Surface Access: This part of the agreement addresses the landowner's consent for underground storage activities and specifies the rights granted to the lessee regarding surface access needed for operations. It may cover matters like access roads, well drilling, pipeline installations, and land restoration obligations. 6. Termination and Dispute Resolution: This section outlines the circumstances under which the agreement may be terminated by either party. It also lays out the procedure for resolving any disputes or conflicts that may arise during the implementation of the agreement, including mediation or arbitration processes. The New Hampshire Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form) aims to facilitate the responsible development and utilization of subsurface underground storage sites for carbon dioxide. It ensures that the landowner's rights and interests are protected while promoting sustainable and environmentally conscious practices towards mitigating climate change.