This form is used when the Lessor desires to sell, subdivide, or partition all or a part of the lands covered by the Lease (the Lands ), and has requested a partial waiver of surface use of certain portions of the Lands subject to the Lease, and a waiver is agreeable to Lessee. This Agreement relates solely to the surface use and does not in any other way affect or diminish the Lessee's rights, interests and estate under the Lease.
The New Mexico Agreement Waiving Surface Use by Oil and Gas Lessee is a legal arrangement between the lessor and lessee involved in oil and gas exploration activities in the state of New Mexico. This agreement specifically pertains to situations where the lessee seeks to bypass the need for surface usage rights, enabling them to access mineral resources without conducting surface-level operations. One type of New Mexico Agreement Waiving Surface Use by Oil and Gas Lessee is the Temporary Waiver agreement. This agreement allows the lessee to temporarily suspend the surface usage rights for a predetermined period, during which they can explore and extract minerals beneath the surface without conducting any disruptive activities on the land above. Another variant of this agreement is the Permanent Waiver agreement. Under this arrangement, the lessee permanently waives their rights to utilize the surface area for oil and gas operations. This ensures that the lessor retains full control and ownership of the land's surface, while allowing the lessee to solely focus on underground extraction activities. The New Mexico Agreement Waiving Surface Use by Oil and Gas Lessee typically includes several key components. Firstly, it outlines the purpose and scope of the agreement, specifying the length and type of surface usage waiver sought by the lessee. The agreement further defines the rights and responsibilities of both parties involved, ensuring clarity and transparency in their roles and obligations. Additionally, the agreement often covers compensation and financial considerations. It may specify the payment structure, such as annual or monthly compensation to the lessor for the surface usage waiver. This is to ensure that the lessor is fairly compensated for allowing the lessee to access and extract valuable resources from their land. Furthermore, the agreement may include clauses addressing potential damages or liabilities resulting from the lessee's underground activities. This may involve provisions for the lessee's responsibility to repair any damages caused to the surface area during the extraction process or to mitigate environmental impacts in accordance with applicable regulations. Overall, the New Mexico Agreement Waiving Surface Use by Oil and Gas Lessee serves as a legal tool to facilitate efficient resource extraction while ensuring the protection of surface rights and addressing potential environmental concerns. By offering different types of waivers and addressing various aspects of the agreement, it strives to create a balanced and mutually beneficial arrangement for both lessor and lessee.
