Rhode Island Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form)

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-1150
• Format: Word; Rich Text

Description

This form is a long form subsurface underground gas storage lease and agreement with landowner. Rhode Island Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) The Rhode Island Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) is a legal document outlining the terms and conditions between a gas storage company and a landowner in Rhode Island. This comprehensive agreement governs the rights and responsibilities of both parties involved in the subsurface underground gas storage operations. Under this lease agreement, the gas storage company (lessee) is granted the right to use the landowner's property for the purpose of storing natural gas or other forms of gas underground. The agreement ensures that the lessee can safely and securely store gas in designated subsurface areas on the property while also protecting the landowner's rights and interests. The Rhode Island Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) cover various essential aspects to ensure a mutually beneficial relationship. These include: 1. Lease Term: The starting and ending dates of the lease, specifying the duration for which the landowner agrees to lease the property for subsurface underground gas storage purposes. 2. Lease Area: A detailed description of the exact location and boundaries of the area on the landowner's property where gas storage operations will take place. 3. Use of Surface Facilities: Outlines the landowner's rights regarding any surface facilities, buildings, or structures that may be required for the safe and efficient operations of the gas storage project. 4. Compensation: Describes the financial arrangements, including payment terms, compensation, royalties, or other payments that the landowner will receive in exchange for granting the gas storage company the right to use the property. 5. Insurance and Liability: Specifies the insurance requirements for the gas storage company and any indemnification of the landowner in the event of any damage, accidents, or environmental issues related to the storage operations. 6. Environmental Compliance: Outlines the obligations of the gas storage company to comply with all applicable federal, state, and local regulations regarding environmental protection, safety standards, and land use laws. 7. Access and Entry: Details the permissible entry and access rights the gas storage company and its contractors have to the leased property for conducting necessary operations, inspections, repairs, and maintenance. 8. Termination: Specifies the conditions under which either party may terminate the lease agreement, including breach of contract, non-payment, or force majeure events. It is important to note that specific Rhode Island Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) contracts may differ based on individual circumstances, the size of the property, and other project-specific requirements.

Rhode Island Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) The Rhode Island Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) is a legal document outlining the terms and conditions between a gas storage company and a landowner in Rhode Island. This comprehensive agreement governs the rights and responsibilities of both parties involved in the subsurface underground gas storage operations. Under this lease agreement, the gas storage company (lessee) is granted the right to use the landowner's property for the purpose of storing natural gas or other forms of gas underground. The agreement ensures that the lessee can safely and securely store gas in designated subsurface areas on the property while also protecting the landowner's rights and interests. The Rhode Island Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) cover various essential aspects to ensure a mutually beneficial relationship. These include: 1. Lease Term: The starting and ending dates of the lease, specifying the duration for which the landowner agrees to lease the property for subsurface underground gas storage purposes. 2. Lease Area: A detailed description of the exact location and boundaries of the area on the landowner's property where gas storage operations will take place. 3. Use of Surface Facilities: Outlines the landowner's rights regarding any surface facilities, buildings, or structures that may be required for the safe and efficient operations of the gas storage project. 4. Compensation: Describes the financial arrangements, including payment terms, compensation, royalties, or other payments that the landowner will receive in exchange for granting the gas storage company the right to use the property. 5. Insurance and Liability: Specifies the insurance requirements for the gas storage company and any indemnification of the landowner in the event of any damage, accidents, or environmental issues related to the storage operations. 6. Environmental Compliance: Outlines the obligations of the gas storage company to comply with all applicable federal, state, and local regulations regarding environmental protection, safety standards, and land use laws. 7. Access and Entry: Details the permissible entry and access rights the gas storage company and its contractors have to the leased property for conducting necessary operations, inspections, repairs, and maintenance. 8. Termination: Specifies the conditions under which either party may terminate the lease agreement, including breach of contract, non-payment, or force majeure events. It is important to note that specific Rhode Island Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) contracts may differ based on individual circumstances, the size of the property, and other project-specific requirements.