Franklin Ohio 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: Franklin
• 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. A Franklin Ohio 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 contract between a surface owner in Franklin, Ohio and a gas company. This agreement allows the gas company to access and utilize the subsurface underground area of the surface owner's land specifically for gas storage purposes. Keyword: Franklin Ohio, Subsurface Underground Gas Storage Lease, Agreement, Surface Owner, Right to Use, Lands being Granted, Gas Company. There may be different types of Franklin Ohio Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted), which could include: 1. Standard Gas Storage Lease and Agreement: This is the most common type of contract between a surface owner and gas company, granting the company the right to use the subsurface underground area of the surface owner's land for gas storage. 2. Limited Term Gas Storage Lease and Agreement: This agreement allows the gas company to utilize the subsurface underground area for gas storage for a specific duration, after which the lease expires. This type of lease may be beneficial for both parties if the gas company expects a temporary need for storage. 3. Exclusive Gas Storage Lease and Agreement: In this type of agreement, the surface owner grants exclusive rights to a specific gas company for gas storage purposes on their land. The gas company gains sole access and usage rights to the subsurface underground area, preventing other companies from utilizing it. 4. Joint Gas Storage Lease and Agreement: If multiple surface owners in Franklin, Ohio agree to lease their respective lands' subsurface underground areas for gas storage, a joint lease and agreement can be established. This enables a gas company to merge the storage spaces into a larger, interconnected storage facility. In all cases, it is essential for surface owners to fully understand the terms and conditions of the agreement, including the duration, compensation, liability, and any environmental concerns associated with gas storage operations. It is also advisable to seek legal counsel before entering into such contracts to protect their interests.

A Franklin Ohio 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 contract between a surface owner in Franklin, Ohio and a gas company. This agreement allows the gas company to access and utilize the subsurface underground area of the surface owner's land specifically for gas storage purposes. Keyword: Franklin Ohio, Subsurface Underground Gas Storage Lease, Agreement, Surface Owner, Right to Use, Lands being Granted, Gas Company. There may be different types of Franklin Ohio Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted), which could include: 1. Standard Gas Storage Lease and Agreement: This is the most common type of contract between a surface owner and gas company, granting the company the right to use the subsurface underground area of the surface owner's land for gas storage. 2. Limited Term Gas Storage Lease and Agreement: This agreement allows the gas company to utilize the subsurface underground area for gas storage for a specific duration, after which the lease expires. This type of lease may be beneficial for both parties if the gas company expects a temporary need for storage. 3. Exclusive Gas Storage Lease and Agreement: In this type of agreement, the surface owner grants exclusive rights to a specific gas company for gas storage purposes on their land. The gas company gains sole access and usage rights to the subsurface underground area, preventing other companies from utilizing it. 4. Joint Gas Storage Lease and Agreement: If multiple surface owners in Franklin, Ohio agree to lease their respective lands' subsurface underground areas for gas storage, a joint lease and agreement can be established. This enables a gas company to merge the storage spaces into a larger, interconnected storage facility. In all cases, it is essential for surface owners to fully understand the terms and conditions of the agreement, including the duration, compensation, liability, and any environmental concerns associated with gas storage operations. It is also advisable to seek legal counsel before entering into such contracts to protect their interests.