Collin Texas 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: Collin
• 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. Collin Texas 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 document that outlines the terms and conditions for granting a lease to store underground gas on a surface owner's land in Collin County, Texas. This type of agreement is specific to the subsurface gas storage industry and ensures the rights and responsibilities of both the surface owner and the gas storage operator are clearly defined. The Collin Texas Subsurface Underground Gas Storage Lease and Agreement protects the interests of the surface owner while allowing the gas storage operator the necessary access to the subsurface area for storage purposes. It is important for both parties to understand the agreement's provisions in order to ensure a fair and mutually beneficial arrangement. Some relevant keywords in relation to this agreement may include: 1. Collin County, Texas: Referring to the specific geographical location where the subsurface gas storage lease and agreement is applicable. 2. Subsurface Underground Gas Storage: Describing the type of storage being granted, which involves utilizing the underground cavities or formations to store natural gas. 3. Lease and Agreement: Emphasizing that this document grants a lease to the gas storage operator while also facilitating an agreement between the surface owner and the operator. 4. Surface Owner: Referring to the individual or entity that owns the land surface where the gas storage will take place. This entity does not have the right to use the surface of the land being granted. 5. Rights and Responsibilities: Emphasizing that the agreement outlines the rights and responsibilities of both the surface owner and the gas storage operator, providing clarity on their roles in the storage process. In addition, different types of Collin Texas Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) could include variations based on lease duration, payment terms, access rights, indemnification clauses, and environmental protection obligations. It is important for the surface owner and the gas storage operator to carefully consider their specific requirements and negotiate a customized agreement tailored to their unique circumstances and preferences.

Collin Texas 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 document that outlines the terms and conditions for granting a lease to store underground gas on a surface owner's land in Collin County, Texas. This type of agreement is specific to the subsurface gas storage industry and ensures the rights and responsibilities of both the surface owner and the gas storage operator are clearly defined. The Collin Texas Subsurface Underground Gas Storage Lease and Agreement protects the interests of the surface owner while allowing the gas storage operator the necessary access to the subsurface area for storage purposes. It is important for both parties to understand the agreement's provisions in order to ensure a fair and mutually beneficial arrangement. Some relevant keywords in relation to this agreement may include: 1. Collin County, Texas: Referring to the specific geographical location where the subsurface gas storage lease and agreement is applicable. 2. Subsurface Underground Gas Storage: Describing the type of storage being granted, which involves utilizing the underground cavities or formations to store natural gas. 3. Lease and Agreement: Emphasizing that this document grants a lease to the gas storage operator while also facilitating an agreement between the surface owner and the operator. 4. Surface Owner: Referring to the individual or entity that owns the land surface where the gas storage will take place. This entity does not have the right to use the surface of the land being granted. 5. Rights and Responsibilities: Emphasizing that the agreement outlines the rights and responsibilities of both the surface owner and the gas storage operator, providing clarity on their roles in the storage process. In addition, different types of Collin Texas Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) could include variations based on lease duration, payment terms, access rights, indemnification clauses, and environmental protection obligations. It is important for the surface owner and the gas storage operator to carefully consider their specific requirements and negotiate a customized agreement tailored to their unique circumstances and preferences.