Allegheny Pennsylvania 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
• County: Allegheny
• 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 Allegheny Pennsylvania 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 legally binding contract between a surface owner and a gas company. This agreement grants the gas company the exclusive rights to store natural gas or other hydrocarbons in underground facilities located beneath the surface owner's land in Allegheny County, Pennsylvania. This lease and agreement contain various important provisions that safeguard the rights and interests of both parties. It outlines the specific terms, conditions, and obligations of the gas company regarding the storage and extraction of gas from the subsurface. The agreement typically includes the following key elements: 1. Grant of Rights: This section outlines the granting of exclusive rights to the gas company to access, construct, and operate underground gas storage facilities within the specified area beneath the surface owner's land. It restricts the gas company's activities solely to subsurface operations and explicitly denies any rights to use the surface of the land. 2. Term and Termination: The lease specifies the initial term of the agreement, including the start and end dates. It may also include provisions for renewal or termination options, along with conditions for early termination. 3. Rental Payments and Royalties: The agreement stipulates the rental payments or royalties that the gas company must pay to the surface owner for the use of the subsurface storage facilities. The amount is generally based on the volume of gas stored or other agreed-upon criteria. 4. Surface Compensation: While the surface owner is not entitled to use the land's surface for any activities related to the storage operations, the lease may include provisions for compensation to mitigate any damages caused by the subsurface activities or related infrastructure. 5. Indemnification and Liability: This section outlines the liability and indemnification obligations of both parties, ensuring that the gas company takes responsibility for any damages or injuries resulting from their activities. It may also require the surface owner to maintain insurance coverage to protect against potential risks. 6. Operational and Environmental Requirements: The lease may include stipulations regarding the gas company's compliance with applicable laws, regulations, and industry standards pertaining to the operation, maintenance, and safety of the subsurface storage facilities. It may also address environmental protection measures and the gas company's obligation to remediate any contamination or adverse effects on the surrounding area. It is important to note that the Allegheny Pennsylvania Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) may have different variations or specific types, based on factors such as the duration of the lease, the volume of gas stored, the location, and other negotiated terms between the parties. These variations may result in leases tailored to individual circumstances while adhering to the broader framework of underground gas storage operations in Allegheny, Pennsylvania.

The Allegheny Pennsylvania 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 legally binding contract between a surface owner and a gas company. This agreement grants the gas company the exclusive rights to store natural gas or other hydrocarbons in underground facilities located beneath the surface owner's land in Allegheny County, Pennsylvania. This lease and agreement contain various important provisions that safeguard the rights and interests of both parties. It outlines the specific terms, conditions, and obligations of the gas company regarding the storage and extraction of gas from the subsurface. The agreement typically includes the following key elements: 1. Grant of Rights: This section outlines the granting of exclusive rights to the gas company to access, construct, and operate underground gas storage facilities within the specified area beneath the surface owner's land. It restricts the gas company's activities solely to subsurface operations and explicitly denies any rights to use the surface of the land. 2. Term and Termination: The lease specifies the initial term of the agreement, including the start and end dates. It may also include provisions for renewal or termination options, along with conditions for early termination. 3. Rental Payments and Royalties: The agreement stipulates the rental payments or royalties that the gas company must pay to the surface owner for the use of the subsurface storage facilities. The amount is generally based on the volume of gas stored or other agreed-upon criteria. 4. Surface Compensation: While the surface owner is not entitled to use the land's surface for any activities related to the storage operations, the lease may include provisions for compensation to mitigate any damages caused by the subsurface activities or related infrastructure. 5. Indemnification and Liability: This section outlines the liability and indemnification obligations of both parties, ensuring that the gas company takes responsibility for any damages or injuries resulting from their activities. It may also require the surface owner to maintain insurance coverage to protect against potential risks. 6. Operational and Environmental Requirements: The lease may include stipulations regarding the gas company's compliance with applicable laws, regulations, and industry standards pertaining to the operation, maintenance, and safety of the subsurface storage facilities. It may also address environmental protection measures and the gas company's obligation to remediate any contamination or adverse effects on the surrounding area. It is important to note that the Allegheny Pennsylvania Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) may have different variations or specific types, based on factors such as the duration of the lease, the volume of gas stored, the location, and other negotiated terms between the parties. These variations may result in leases tailored to individual circumstances while adhering to the broader framework of underground gas storage operations in Allegheny, Pennsylvania.