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 Nevada Agreement Waiving Surface Use by Oil and Gas Lessee refers to a legal agreement in the state of Nevada, United States, that grants the lessee (the oil and gas company) the right to extract oil and gas reserves without disturbing or utilizing the surface area of the land. This agreement is significant in situations where the landowner wants to retain the surface rights for various reasons, such as agricultural or preservation purposes. This type of agreement is put in place to ensure that oil and gas exploration and extraction activities can be carried out while limiting surface disturbances. It offers a balanced approach, allowing the lessee to access the subsurface resources while ensuring the landowner's surface rights are preserved. The Nevada Agreement Waiving Surface Use by Oil and Gas Lessee can be broadly categorized into two types: 1. Standard Nevada Agreement: This type of agreement primarily focuses on the oil and gas lessee's right to extract resources without utilizing the land surface. It incorporates clauses specifying the exact boundaries and location of the leased area and the lessee's obligations to minimize surface disturbances to the greatest extent possible. Additionally, it may outline compensation or royalty provisions for the landowner based on the extracted resources' value. 2. Customized Nevada Agreement: In certain cases, landowners and lessees may negotiate and draft a customized agreement. This type of agreement takes into consideration the unique circumstances and concerns of the parties involved. It allows for more flexibility in addressing specific preferences, such as limited surface use for particular purposes or time frames. Customized agreements can include additional provisions regarding environmental protection, reclamation efforts, indemnification, or any other mutually agreed-upon terms. Overall, the Nevada Agreement Waiving Surface Use by Oil and Gas Lessee serves as a pivotal tool in facilitating resource development while accommodating landowners' concerns. By allowing oil and gas companies to extract subsurface resources responsibly, it promotes the coexistence of energy production and land preservation in the state of Nevada.The Nevada Agreement Waiving Surface Use by Oil and Gas Lessee refers to a legal agreement in the state of Nevada, United States, that grants the lessee (the oil and gas company) the right to extract oil and gas reserves without disturbing or utilizing the surface area of the land. This agreement is significant in situations where the landowner wants to retain the surface rights for various reasons, such as agricultural or preservation purposes. This type of agreement is put in place to ensure that oil and gas exploration and extraction activities can be carried out while limiting surface disturbances. It offers a balanced approach, allowing the lessee to access the subsurface resources while ensuring the landowner's surface rights are preserved. The Nevada Agreement Waiving Surface Use by Oil and Gas Lessee can be broadly categorized into two types: 1. Standard Nevada Agreement: This type of agreement primarily focuses on the oil and gas lessee's right to extract resources without utilizing the land surface. It incorporates clauses specifying the exact boundaries and location of the leased area and the lessee's obligations to minimize surface disturbances to the greatest extent possible. Additionally, it may outline compensation or royalty provisions for the landowner based on the extracted resources' value. 2. Customized Nevada Agreement: In certain cases, landowners and lessees may negotiate and draft a customized agreement. This type of agreement takes into consideration the unique circumstances and concerns of the parties involved. It allows for more flexibility in addressing specific preferences, such as limited surface use for particular purposes or time frames. Customized agreements can include additional provisions regarding environmental protection, reclamation efforts, indemnification, or any other mutually agreed-upon terms. Overall, the Nevada Agreement Waiving Surface Use by Oil and Gas Lessee serves as a pivotal tool in facilitating resource development while accommodating landowners' concerns. By allowing oil and gas companies to extract subsurface resources responsibly, it promotes the coexistence of energy production and land preservation in the state of Nevada.
