Nevada 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. A Nevada Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a legal clause typically included in a lease agreement that allows the lessor (the owner of the land) to prohibit drilling activities within a specified distance of any existing structures on the property. This provision is especially relevant to protect the safety and integrity of buildings, homes, and other structures while still allowing for oil or gas exploration or extraction on the lessor's land. By incorporating this lease provision, the lessor can ensure that drilling operations do not pose a threat to the stability or safety of any nearby structures. This is particularly important in areas with high levels of drilling activity, as it helps mitigate potential risks and prevents damage to valuable assets. There are a few variations of the Nevada Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure: 1. Mandatory Distance Waiver: This type of waiver explicitly states a set minimum distance that must be maintained between any drilling operations and structures on the property. It ensures that there is no compromise on safety and minimizes the risk of damage to existing structures. 2. Negotiable Distance Waiver: In some cases, the lessor may be willing to negotiate the specified distance with the lessee (the party interested in drilling). This type of waiver allows for flexibility in determining a distance that suits both parties while still prioritizing the safety of structures. 3. Waiver Exceptions: Occasionally, exceptions may be made to the prohibition on drilling within the specified distance of a structure. These exceptions might include specific conditions or circumstances where drilling activities may be allowed despite the potential proximity to a structure. It is crucial to clearly outline any exceptions in the lease agreement to avoid potential disputes or ambiguities. Overall, a Nevada Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is an essential component of a lease agreement that safeguards the integrity and security of structures while permitting drilling activities on the lessor's land.

A Nevada Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a legal clause typically included in a lease agreement that allows the lessor (the owner of the land) to prohibit drilling activities within a specified distance of any existing structures on the property. This provision is especially relevant to protect the safety and integrity of buildings, homes, and other structures while still allowing for oil or gas exploration or extraction on the lessor's land. By incorporating this lease provision, the lessor can ensure that drilling operations do not pose a threat to the stability or safety of any nearby structures. This is particularly important in areas with high levels of drilling activity, as it helps mitigate potential risks and prevents damage to valuable assets. There are a few variations of the Nevada Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure: 1. Mandatory Distance Waiver: This type of waiver explicitly states a set minimum distance that must be maintained between any drilling operations and structures on the property. It ensures that there is no compromise on safety and minimizes the risk of damage to existing structures. 2. Negotiable Distance Waiver: In some cases, the lessor may be willing to negotiate the specified distance with the lessee (the party interested in drilling). This type of waiver allows for flexibility in determining a distance that suits both parties while still prioritizing the safety of structures. 3. Waiver Exceptions: Occasionally, exceptions may be made to the prohibition on drilling within the specified distance of a structure. These exceptions might include specific conditions or circumstances where drilling activities may be allowed despite the potential proximity to a structure. It is crucial to clearly outline any exceptions in the lease agreement to avoid potential disputes or ambiguities. Overall, a Nevada Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is an essential component of a lease agreement that safeguards the integrity and security of structures while permitting drilling activities on the lessor's land.