New Mexico Carbon Dioxide Storage Lease (with Landowner)

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-952
• Format: Word; Rich Text

Description

This form is a carbon dioxide storage lease with landowner. The New Mexico Carbon Dioxide Storage Lease (with Landowner) is a legally binding agreement between the state of New Mexico and a landowner that grants the right to store carbon dioxide on a specified property. This lease is specifically designed to address the storage and sequestration of carbon dioxide, a greenhouse gas that contributes to climate change. Under this lease, landowners in New Mexico agree to allow the state or authorized entities to inject and store carbon dioxide beneath their property. The lease ensures that landowners will be fairly compensated for their participation in carbon capture and storage projects, and it outlines the rights and responsibilities of both parties. There are two types of New Mexico Carbon Dioxide Storage Lease (with Landowner), which are: 1. Public Trust Lease: This type of lease is issued by the state of New Mexico for land owned by the state or any of its associated agencies. The lease agreement grants the right to store carbon dioxide while ensuring compliance with environmental regulations and protection of the state's natural resources. Landowners are compensated in accordance with the terms outlined in the lease. 2. Private Land Lease: This type of lease is specifically designed for privately-owned land in New Mexico. Individuals or entities who own land can enter into this agreement to allow carbon dioxide storage on their property. The lease agreement ensures that landowners are fairly compensated for the use of their land, while also outlining the responsibilities and liabilities of both parties. Keywords: New Mexico Carbon Dioxide Storage Lease, Landowner, carbon dioxide, greenhouse gas, climate change, storage, sequestration, carbon capture, compensation, public trust lease, private land lease.

The New Mexico Carbon Dioxide Storage Lease (with Landowner) is a legally binding agreement between the state of New Mexico and a landowner that grants the right to store carbon dioxide on a specified property. This lease is specifically designed to address the storage and sequestration of carbon dioxide, a greenhouse gas that contributes to climate change. Under this lease, landowners in New Mexico agree to allow the state or authorized entities to inject and store carbon dioxide beneath their property. The lease ensures that landowners will be fairly compensated for their participation in carbon capture and storage projects, and it outlines the rights and responsibilities of both parties. There are two types of New Mexico Carbon Dioxide Storage Lease (with Landowner), which are: 1. Public Trust Lease: This type of lease is issued by the state of New Mexico for land owned by the state or any of its associated agencies. The lease agreement grants the right to store carbon dioxide while ensuring compliance with environmental regulations and protection of the state's natural resources. Landowners are compensated in accordance with the terms outlined in the lease. 2. Private Land Lease: This type of lease is specifically designed for privately-owned land in New Mexico. Individuals or entities who own land can enter into this agreement to allow carbon dioxide storage on their property. The lease agreement ensures that landowners are fairly compensated for the use of their land, while also outlining the responsibilities and liabilities of both parties. Keywords: New Mexico Carbon Dioxide Storage Lease, Landowner, carbon dioxide, greenhouse gas, climate change, storage, sequestration, carbon capture, compensation, public trust lease, private land lease.