New Hampshire Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure

• Category: Oil Gas and Minerals - Waivers
• State: Multi-State
• Control #: US-OG-155
• Format: Word; Rich Text

Description

This form serves to amend an oil and gas lease to allow a lessee to drill at any location on lands subject to a lease, including a location in close proximity to a building or structure on the lands subject to a lease. Keywords: New Hampshire, waiver of lease provision, lessor who owns surface, drilling, specified distance of structure. A New Hampshire waiver of lease provision by the lessor who owns the surface, prohibiting drilling within a specified distance of a structure, is a contractual agreement that restricts the lessee from carrying out any drilling activities within a certain proximity to a specified structure on the leased property. This provision aims to protect the structure from potential damage, ensuring the safety and integrity of the building. There are two primary types of New Hampshire waiver of lease provisions: absolute prohibition and conditional limitation. 1. Absolute Prohibition: In this type of waiver provision, the lessor strictly prohibits any form of drilling within the defined distance from the structure. This provision can be implemented to safeguard important infrastructures such as historical buildings, commercial structures, or residential properties. It ensures that drilling operations, whether for oil, gas, or any other underground resource extraction, do not pose a threat to the integrity or stability of the structure. Lessees are legally bound to adhere to this provision throughout the duration of the lease. 2. Conditional Limitation: A conditional limitation waiver provision allows drilling activities within a specified distance of the structure, subject to certain conditions or restrictions. These conditions may include requiring the lessee to use advanced drilling techniques or implementing additional safety measures to minimize any potential risks to the structure. The lessor may also require the lessee to provide proof of insurance or a performance bond to cover any damages that may occur during the drilling operations. Additionally, a New Hampshire waiver of lease provision by the lessor who owns the surface, prohibiting drilling within a specified distance of a structure, is designed to address environmental concerns, protect the groundwater, and prevent contamination of nearby water sources. By limiting the drilling activities within a safe distance from the structure, the provision ensures that any potential negative impacts on the environment are minimized. Overall, the New Hampshire waiver of lease provision serves as a vital tool for lessors to safeguard their structures and minimize any potential risks associated with drilling activities on leased properties. It allows lessors to maintain control over the use and development of their land while providing lessees with a clear understanding of the boundaries and limitations regarding drilling operations.

Keywords: New Hampshire, waiver of lease provision, lessor who owns surface, drilling, specified distance of structure. A New Hampshire waiver of lease provision by the lessor who owns the surface, prohibiting drilling within a specified distance of a structure, is a contractual agreement that restricts the lessee from carrying out any drilling activities within a certain proximity to a specified structure on the leased property. This provision aims to protect the structure from potential damage, ensuring the safety and integrity of the building. There are two primary types of New Hampshire waiver of lease provisions: absolute prohibition and conditional limitation. 1. Absolute Prohibition: In this type of waiver provision, the lessor strictly prohibits any form of drilling within the defined distance from the structure. This provision can be implemented to safeguard important infrastructures such as historical buildings, commercial structures, or residential properties. It ensures that drilling operations, whether for oil, gas, or any other underground resource extraction, do not pose a threat to the integrity or stability of the structure. Lessees are legally bound to adhere to this provision throughout the duration of the lease. 2. Conditional Limitation: A conditional limitation waiver provision allows drilling activities within a specified distance of the structure, subject to certain conditions or restrictions. These conditions may include requiring the lessee to use advanced drilling techniques or implementing additional safety measures to minimize any potential risks to the structure. The lessor may also require the lessee to provide proof of insurance or a performance bond to cover any damages that may occur during the drilling operations. Additionally, a New Hampshire waiver of lease provision by the lessor who owns the surface, prohibiting drilling within a specified distance of a structure, is designed to address environmental concerns, protect the groundwater, and prevent contamination of nearby water sources. By limiting the drilling activities within a safe distance from the structure, the provision ensures that any potential negative impacts on the environment are minimized. Overall, the New Hampshire waiver of lease provision serves as a vital tool for lessors to safeguard their structures and minimize any potential risks associated with drilling activities on leased properties. It allows lessors to maintain control over the use and development of their land while providing lessees with a clear understanding of the boundaries and limitations regarding drilling operations.