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Oregon Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease

State:
Multi-State
Control #:
US-OG-648
Format:
Word; 
Rich Text
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Description

This form is used as Notice of provisions for a lease.
Oregon Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease is a legal document that outlines the provisions and regulations regarding gas storage in relation to an oil and gas lease in the state of Oregon. This notice and declaration serves as a reference for property owners, leaseholders, and gas storage operators. The Oregon Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease contains specific clauses and requirements related to gas storage activities. It provides a comprehensive framework for the establishment, operation, and maintenance of gas storage facilities within the boundaries of an oil and gas lease. Key areas addressed in this legal document include: 1. Scope and definitions: The notice and declaration clearly define the scope of gas storage activities covered under the lease. It provides detailed definitions of key terms such as "gas storage," "gas storage operator," and "gas storage facilities." 2. Authorization and permits: The document specifies the necessary authorizations, permits, and regulatory compliance required for gas storage operations. It outlines the process for obtaining permits from relevant authorities and ensures adherence to safety and environmental regulations. 3. Contractual obligations: The notice and declaration delineate the responsibilities and obligations of both the gas storage operator and the leaseholder. It includes provisions related to liability, insurance, indemnification, and adherence to safety measures. 4. Reporting and monitoring: The document contains provisions for regular reporting and monitoring of the gas storage facilities. This ensures that the operator complies with safety standards and ongoing maintenance requirements throughout the lease term. 5. Termination and remediation: In case of lease termination or expiration, the notice and declaration specify the obligations of the gas storage operator for the decommissioning and remediation of the storage facilities. Different types of Oregon Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease may include specific variations depending on the nature of the gas storage activities, the lease terms, and the specific requirements of the governing regulatory bodies. These variations could pertain to the depth, volume, or type of gas storage allowed, and any additional conditions specified by the leaseholder or regulatory authorities. It is important for both leaseholders and gas storage operators to thoroughly review the specific Oregon Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease applicable to their situation. Compliance with these rules not only protects the rights and interests of all parties involved but also ensures the safe and responsible operation of gas storage facilities within Oregon.

Oregon Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease is a legal document that outlines the provisions and regulations regarding gas storage in relation to an oil and gas lease in the state of Oregon. This notice and declaration serves as a reference for property owners, leaseholders, and gas storage operators. The Oregon Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease contains specific clauses and requirements related to gas storage activities. It provides a comprehensive framework for the establishment, operation, and maintenance of gas storage facilities within the boundaries of an oil and gas lease. Key areas addressed in this legal document include: 1. Scope and definitions: The notice and declaration clearly define the scope of gas storage activities covered under the lease. It provides detailed definitions of key terms such as "gas storage," "gas storage operator," and "gas storage facilities." 2. Authorization and permits: The document specifies the necessary authorizations, permits, and regulatory compliance required for gas storage operations. It outlines the process for obtaining permits from relevant authorities and ensures adherence to safety and environmental regulations. 3. Contractual obligations: The notice and declaration delineate the responsibilities and obligations of both the gas storage operator and the leaseholder. It includes provisions related to liability, insurance, indemnification, and adherence to safety measures. 4. Reporting and monitoring: The document contains provisions for regular reporting and monitoring of the gas storage facilities. This ensures that the operator complies with safety standards and ongoing maintenance requirements throughout the lease term. 5. Termination and remediation: In case of lease termination or expiration, the notice and declaration specify the obligations of the gas storage operator for the decommissioning and remediation of the storage facilities. Different types of Oregon Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease may include specific variations depending on the nature of the gas storage activities, the lease terms, and the specific requirements of the governing regulatory bodies. These variations could pertain to the depth, volume, or type of gas storage allowed, and any additional conditions specified by the leaseholder or regulatory authorities. It is important for both leaseholders and gas storage operators to thoroughly review the specific Oregon Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease applicable to their situation. Compliance with these rules not only protects the rights and interests of all parties involved but also ensures the safe and responsible operation of gas storage facilities within Oregon.

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FAQ

: a deed by which a landowner authorizes exploration for and production of oil and gas on his land usually in consideration of a royalty.

An overriding royalty interest (ORRI) is an interest carved out of a working interest. It is: A percentage of gross production that is not charged with any expenses of exploring, developing, producing, and operating a well.

A stipulation of interest is a contract that consists of mutual conveyances, and therefore, it must conform to the requirements of both a contract and conveyance. Consequently, title to the property interest will be owned as set out in the stipulation, that is if it contains adequate granting language.

Oil and Gas Interest means any oil or gas royalty or lease, or fractional interest therein, or certificate of interest or participation or investment contract relative to such royalties, leases or fractional interests, or any other interest or right which permits the exploration of, drilling for, or production of oil ...

What Is Working Interest? Working interest is a term for a type of investment in oil and gas drilling operations in which the investor is directly liable for a portion of the ongoing costs associated with exploration, drilling, and production.

"Held by production" is a provision in an oil or natural gas property lease that allows the lessee, generally an energy company, to continue drilling activities on the property as long as it is economically producing a minimum amount of oil or gas.

There are 6 types of mineral rights, including mineral interest (MI), royalty interest (RI), overriding royalty interest (ORRI), working Interest (WI), non-operated working interest, and net profits interest.

Held by production is an oil & gas industry term indicating a property is under lease and that the lease is being perpetuated in the secondary term by the production of oil or gas in paying quantities. An oil & gas may be in HBP status for many years if the wells located on the leased land keep producing.

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Be sure the document meets all the necessary state requirements. If possible preview it and read the description before buying it. Hit Buy Now. Select the ... Find up to date information on existing Oil and Gas extraction permits and production.Each form is designed using a MS Word "Fill in the Blank" format. This allows you to quickly make changes, additions and deletions to prepare your documents. The easiest way to edit Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease in PDF format online · Log in to your account. · Import a form ... Notice of the County storage lease offering shall be given by ... has occurred, the provisions of this Storage Lease shall supersede the Oil and Gas Leases and. The State of Oregon is the owner of the submersible and submerged lands of such streams and lakes, and may use and dispose of the same as provided by law. (2) ... When the department determines an application is complete, the department shall notify the applicant and provide notice to the public. [Formerly 453.345 ... Attached to this notice is a list of the lands we are offering by parcel number and description. We have referenced any special conditions or restrictions ... The current form of federal oil and gas lease[1] grants to the lessee “the exclusive right to drill for, mine, extract, remove and dispose of all the oil and ... Mar 18, 1996 — This notice amends the notice of a major disaster for the State of Oregon, (FEMA-1099-DR), dated February 9, 1996, and related ...

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Oregon Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease