New Hampshire Surface Lease to Allow Storing or Transporting Oil and Gas from off Premises

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-151
• Format: Word; Rich Text

Description

This form addresses the situation where an oil operator desires to store oil (probably in a tank battery) on lands where the wells are not located and are not subject to an oil and gas lease. A New Hampshire Surface Lease is a legal agreement between a landowner and a company or individual (referred to as the lessee) that grants permission to use the land for storing or transporting oil and gas. This lease allows the lessee to access and develop the natural resources present beneath the surface of the property in order to extract oil and gas from off-premises locations. New Hampshire Surface Leases for storing or transporting oil and gas are typically categorized into two main types: 1. Storage Lease: A storage lease allows the lessee to utilize a portion of the land to store oil and gas produced elsewhere. The lessee may construct storage facilities such as tanks, pipelines, or underground storage units on the surface of the property. This type of lease is often utilized to store oil and gas during periods of high demand or when there is excess production. 2. Transportation Lease: A transportation lease grants the lessee the right to establish and operate pipelines, roads, or other transportation infrastructure on the property for the purpose of transporting oil and gas from off-premises locations. This type of lease facilitates the movement of extracted resources to processing plants, refineries, or distribution centers. The terms and conditions of a New Hampshire Surface Lease can vary depending on the negotiated agreement between the landowner and the lessee. These terms typically include: — Duration: The length of time the lease will be in effect, often specified in years. — Rental Payments: The financial compensation the lessee will provide to the landowner in exchange for the use of the land. — Royalties: The percentage of proceeds or profit the landowner will receive from the sale of the extracted oil and gas. — Environmental Regulations: The obligations of the lessee to comply with state and federal regulations regarding oil and gas extraction, storage, and transportation, ensuring minimal impact on the environment and surrounding communities. — Liability and Insurance: The responsibilities of the lessee in terms of any damages, accidents, or spills that may occur during the operation. It is important for both landowners and lessees to carefully review and negotiate the terms of a New Hampshire Surface Lease to ensure the protection of their interests. Seeking legal advice and conducting thorough due diligence before entering into such leases is highly recommended ensuring fair and beneficial agreements for all parties involved.

A New Hampshire Surface Lease is a legal agreement between a landowner and a company or individual (referred to as the lessee) that grants permission to use the land for storing or transporting oil and gas. This lease allows the lessee to access and develop the natural resources present beneath the surface of the property in order to extract oil and gas from off-premises locations. New Hampshire Surface Leases for storing or transporting oil and gas are typically categorized into two main types: 1. Storage Lease: A storage lease allows the lessee to utilize a portion of the land to store oil and gas produced elsewhere. The lessee may construct storage facilities such as tanks, pipelines, or underground storage units on the surface of the property. This type of lease is often utilized to store oil and gas during periods of high demand or when there is excess production. 2. Transportation Lease: A transportation lease grants the lessee the right to establish and operate pipelines, roads, or other transportation infrastructure on the property for the purpose of transporting oil and gas from off-premises locations. This type of lease facilitates the movement of extracted resources to processing plants, refineries, or distribution centers. The terms and conditions of a New Hampshire Surface Lease can vary depending on the negotiated agreement between the landowner and the lessee. These terms typically include: — Duration: The length of time the lease will be in effect, often specified in years. — Rental Payments: The financial compensation the lessee will provide to the landowner in exchange for the use of the land. — Royalties: The percentage of proceeds or profit the landowner will receive from the sale of the extracted oil and gas. — Environmental Regulations: The obligations of the lessee to comply with state and federal regulations regarding oil and gas extraction, storage, and transportation, ensuring minimal impact on the environment and surrounding communities. — Liability and Insurance: The responsibilities of the lessee in terms of any damages, accidents, or spills that may occur during the operation. It is important for both landowners and lessees to carefully review and negotiate the terms of a New Hampshire Surface Lease to ensure the protection of their interests. Seeking legal advice and conducting thorough due diligence before entering into such leases is highly recommended ensuring fair and beneficial agreements for all parties involved.