Tennessee Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage)

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-930
• Format: Word; Rich Text

Description

This form is an amendment to oil, gas and mineral lease to provide for gas storage. The Tennessee Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage) refers to a specific modification made to the lease agreement in order to allow for the storage of gas in addition to traditional oil and mineral extraction activities. This amendment adjusts the terms and conditions of the original lease to include provisions for the storage and retrieval of gas within the leased area. Keywords: Tennessee, Amendment, Oil, Gas, Mineral Lease, Gas Storage Different types of Tennessee Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage) may include: 1. Exploration and Production Amendment: This type of amendment specifically addresses the exploration, production, and storage of gas within the leased area. It outlines the rights and responsibilities of both the lessor and the lessee for these activities. 2. Storage Facility Amendment: In this type of amendment, the focus is solely on the construction and operation of a gas storage facility within the leased premises. It outlines the necessary steps, regulations, and requirements for building and maintaining such a facility. 3. Environmental Protection Amendment: This type of amendment is crucial for ensuring the protection of the environment during gas storage activities. It includes provisions for monitoring, mitigation, and responsible disposal of any waste or by-products associated with the gas storage operations. 4. Financial and Royalty Amendment: This type of amendment focuses on the financial aspects of gas storage. It may address royalty rates, payment structures, and other financial considerations between the lessor and lessee, specifically related to gas storage activities. 5. Duration and Termination Amendment: This type of amendment relates to the term of the lease and the conditions under which it can be terminated, both for the overall lease and any additional provisions related to gas storage. 6. Surface Rights Amendment: In cases where gas storage activities may require the use of surface lands, this type of amendment addresses the specific rights and agreements regarding surface access, compensation, and reclamation of the land after gas storage operations cease. 7. Regulatory Compliance Amendment: Gas storage activities are subject to various regulations, permits, and licenses. This type of amendment ensures that the lessee will comply with all relevant laws, rules, and regulations imposed by federal, state, and local authorities. Overall, the Tennessee Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage) is a comprehensive document that allows for the addition of gas storage activities to the existing lease agreement. It covers various aspects such as exploration, production, facility construction, environmental protection, financial considerations, duration, surface rights, and regulatory compliance, based on the specific type of amendment applied.

The Tennessee Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage) refers to a specific modification made to the lease agreement in order to allow for the storage of gas in addition to traditional oil and mineral extraction activities. This amendment adjusts the terms and conditions of the original lease to include provisions for the storage and retrieval of gas within the leased area. Keywords: Tennessee, Amendment, Oil, Gas, Mineral Lease, Gas Storage Different types of Tennessee Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage) may include: 1. Exploration and Production Amendment: This type of amendment specifically addresses the exploration, production, and storage of gas within the leased area. It outlines the rights and responsibilities of both the lessor and the lessee for these activities. 2. Storage Facility Amendment: In this type of amendment, the focus is solely on the construction and operation of a gas storage facility within the leased premises. It outlines the necessary steps, regulations, and requirements for building and maintaining such a facility. 3. Environmental Protection Amendment: This type of amendment is crucial for ensuring the protection of the environment during gas storage activities. It includes provisions for monitoring, mitigation, and responsible disposal of any waste or by-products associated with the gas storage operations. 4. Financial and Royalty Amendment: This type of amendment focuses on the financial aspects of gas storage. It may address royalty rates, payment structures, and other financial considerations between the lessor and lessee, specifically related to gas storage activities. 5. Duration and Termination Amendment: This type of amendment relates to the term of the lease and the conditions under which it can be terminated, both for the overall lease and any additional provisions related to gas storage. 6. Surface Rights Amendment: In cases where gas storage activities may require the use of surface lands, this type of amendment addresses the specific rights and agreements regarding surface access, compensation, and reclamation of the land after gas storage operations cease. 7. Regulatory Compliance Amendment: Gas storage activities are subject to various regulations, permits, and licenses. This type of amendment ensures that the lessee will comply with all relevant laws, rules, and regulations imposed by federal, state, and local authorities. Overall, the Tennessee Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage) is a comprehensive document that allows for the addition of gas storage activities to the existing lease agreement. It covers various aspects such as exploration, production, facility construction, environmental protection, financial considerations, duration, surface rights, and regulatory compliance, based on the specific type of amendment applied.