Bronx New York 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: Bronx
• 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 Bronx, located in New York City, has unique subsurface underground gas storage opportunities that may require specific lease agreements for surface owners who do not have the right to use the surface of the granted lands. These agreements typically govern the use and access to underground storage facilities for natural gas or other gases. Bronx New York 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 comprehensive document that outlines the terms and conditions between the surface owner and the gas storage company. It ensures the smooth operation of underground storage facilities while protecting the rights and interests of both parties involved. Keywords: Bronx New York, subsurface, underground gas storage, lease agreement, surface owner, rights, lands, granted, natural gas, facilities, terms and conditions. Types of Bronx New York Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted): 1. Standard Gas Storage Lease Agreement: This is a typical agreement that governs the relationship between a surface owner and a gas storage company for the use of the subsurface underground storage facilities for natural gas or other gases. 2. Long-term Storage Lease Agreement: This type of agreement entails a longer duration for the lease, typically spanning several years or even decades. It may include provisions for the storage company's right to maintain and operate the facilities throughout the agreed-upon period. 3. Short-term Storage Lease Agreement: In contrast to long-term agreements, short-term leases may cover shorter durations, such as a few months or a year. These agreements might provide flexibility for both parties and often include renewal options. 4. Exclusive Storage Lease Agreement: This type of agreement grants exclusivity to the gas storage company, prohibiting other companies from using the same storage facilities within the designated lands. Surface owners may negotiate higher royalties or payments due to the exclusivity provided. 5. Non-exclusive Storage Lease Agreement: Non-exclusive agreements permit multiple gas storage companies to utilize the same underground storage facilities. Each company is allocated a specific portion or capacity within the granted lands. 6. Pre-development Agreement: This agreement is often entered into before the actual construction or development of the underground storage facilities. It outlines the rights and obligations of the surface owner and the storage company during the planning and preparation stages. Keywords: gas storage, surface owner, lease agreement, long-term, short-term, exclusive, non-exclusive, pre-development, rights, obligations.

The Bronx, located in New York City, has unique subsurface underground gas storage opportunities that may require specific lease agreements for surface owners who do not have the right to use the surface of the granted lands. These agreements typically govern the use and access to underground storage facilities for natural gas or other gases. Bronx New York 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 comprehensive document that outlines the terms and conditions between the surface owner and the gas storage company. It ensures the smooth operation of underground storage facilities while protecting the rights and interests of both parties involved. Keywords: Bronx New York, subsurface, underground gas storage, lease agreement, surface owner, rights, lands, granted, natural gas, facilities, terms and conditions. Types of Bronx New York Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted): 1. Standard Gas Storage Lease Agreement: This is a typical agreement that governs the relationship between a surface owner and a gas storage company for the use of the subsurface underground storage facilities for natural gas or other gases. 2. Long-term Storage Lease Agreement: This type of agreement entails a longer duration for the lease, typically spanning several years or even decades. It may include provisions for the storage company's right to maintain and operate the facilities throughout the agreed-upon period. 3. Short-term Storage Lease Agreement: In contrast to long-term agreements, short-term leases may cover shorter durations, such as a few months or a year. These agreements might provide flexibility for both parties and often include renewal options. 4. Exclusive Storage Lease Agreement: This type of agreement grants exclusivity to the gas storage company, prohibiting other companies from using the same storage facilities within the designated lands. Surface owners may negotiate higher royalties or payments due to the exclusivity provided. 5. Non-exclusive Storage Lease Agreement: Non-exclusive agreements permit multiple gas storage companies to utilize the same underground storage facilities. Each company is allocated a specific portion or capacity within the granted lands. 6. Pre-development Agreement: This agreement is often entered into before the actual construction or development of the underground storage facilities. It outlines the rights and obligations of the surface owner and the storage company during the planning and preparation stages. Keywords: gas storage, surface owner, lease agreement, long-term, short-term, exclusive, non-exclusive, pre-development, rights, obligations.