Utah Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted)

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-1149
• Format: Word; Rich Text

Description

This form is a subsurface underground storage lease and agreement from a surface owner with no rights to use the surface of the lands being granted. The Utah Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) is a legal agreement between a surface owner and a gas storage operator in the state of Utah. This agreement allows the operator to access and use the subsurface of the lands owned by the surface owner for the purpose of gas storage. The primary objective of this lease and agreement is to establish the terms and conditions under which the gas storage operator can explore, develop, produce, and store natural gas or other hydrocarbons in the subsurface of the designated lands. It provides a framework for both parties to benefit from the economic potential of underground gas storage while safeguarding the rights and interests of the surface owner. The agreement specifies the scope of the lease, including the size and location of the leased area, granting the gas storage operator exclusive access. It outlines the rights and responsibilities of both parties, clearly defining limitations on the operator's use of the surface lands. Specific keywords relevant to this agreement may include: 1. Utah Subsurface Underground Gas Storage Lease: This pertains to the lease of subsurface rights to a gas storage operator in the state of Utah. 2. Surface Owner: The individual or entity that owns the surface lands but does not have the right to use the subsurface. 3. Gas Storage Operator: The entity responsible for developing, operating, and managing the underground gas storage facility. 4. Gas Storage Facility: The infrastructure used to store natural gas or other hydrocarbons in underground reservoirs. 5. Subsurface Rights: The rights to explore, develop, produce, and store gas or hydrocarbons beneath the surface lands. 6. Exploration and Development: Activities conducted by the operator to assess the suitability of the subsurface for gas storage and establish infrastructure. 7. Production and Storage: The ongoing operation of the gas storage facility to maintain and store gas reserves. 8. Economic Potential: The financial benefits derived from the extraction, storage, and subsequent sale of natural gas or other hydrocarbons. 9. Rights and Interests: The legal protections and benefits afforded to both the surface owner and the gas storage operator under the agreement. It's important to note that while the agreement described above encompasses the general framework for a Utah Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted), there may be variations or additional types of agreements depending on specific circumstances or stakeholder requirements.

The Utah Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) is a legal agreement between a surface owner and a gas storage operator in the state of Utah. This agreement allows the operator to access and use the subsurface of the lands owned by the surface owner for the purpose of gas storage. The primary objective of this lease and agreement is to establish the terms and conditions under which the gas storage operator can explore, develop, produce, and store natural gas or other hydrocarbons in the subsurface of the designated lands. It provides a framework for both parties to benefit from the economic potential of underground gas storage while safeguarding the rights and interests of the surface owner. The agreement specifies the scope of the lease, including the size and location of the leased area, granting the gas storage operator exclusive access. It outlines the rights and responsibilities of both parties, clearly defining limitations on the operator's use of the surface lands. Specific keywords relevant to this agreement may include: 1. Utah Subsurface Underground Gas Storage Lease: This pertains to the lease of subsurface rights to a gas storage operator in the state of Utah. 2. Surface Owner: The individual or entity that owns the surface lands but does not have the right to use the subsurface. 3. Gas Storage Operator: The entity responsible for developing, operating, and managing the underground gas storage facility. 4. Gas Storage Facility: The infrastructure used to store natural gas or other hydrocarbons in underground reservoirs. 5. Subsurface Rights: The rights to explore, develop, produce, and store gas or hydrocarbons beneath the surface lands. 6. Exploration and Development: Activities conducted by the operator to assess the suitability of the subsurface for gas storage and establish infrastructure. 7. Production and Storage: The ongoing operation of the gas storage facility to maintain and store gas reserves. 8. Economic Potential: The financial benefits derived from the extraction, storage, and subsequent sale of natural gas or other hydrocarbons. 9. Rights and Interests: The legal protections and benefits afforded to both the surface owner and the gas storage operator under the agreement. It's important to note that while the agreement described above encompasses the general framework for a Utah Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted), there may be variations or additional types of agreements depending on specific circumstances or stakeholder requirements.