Fulton Georgia 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: Fulton
• 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. Fulton Georgia 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 the underground storage of gas on a piece of land in Fulton, Georgia. This agreement is specifically designed for surface owners who do not have the right to utilize the surface of the leased lands. The primary purpose of this agreement is to provide clarity and guidelines regarding the rights, responsibilities, and restrictions of both the surface owner and the gas storage company. In essence, the surface owner grants the gas storage company the exclusive right to store gas underground on their property without obtaining any rights to use or access the surface of the land. Key terms and provisions typically included in the Fulton Georgia Subsurface Underground Gas Storage Lease and Agreement may include: 1. Grant of rights: The surface owner grants the gas storage company the exclusive right to utilize and occupy the subsurface portion of the land for the purpose of gas storage. This includes the right to construct, operate, and maintain wells, pipelines, and other necessary infrastructure. 2. Duration and termination: The agreement specifies the duration of the lease and the circumstances under which either party may terminate the agreement, such as breach of contract or failure to comply with applicable laws and regulations. 3. Access and entry: The agreement delineates the limited access rights of the gas storage company to the surface of the land solely for the purpose of maintaining and operating the underground gas storage facilities. 4. Compensation and royalties: The agreement may outline the financial compensation the surface owner will receive from the gas storage company, which may include upfront payments, annual fees, or royalties based on gas storage volumes. 5. Liability and indemnification: Provisions related to liability, insurance, and indemnification may be included to protect both parties in the event of accidents, damage, or injuries related to the storage operations. Different types or variations of Fulton Georgia Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) may exist depending on specific circumstances or industry practices. These variations may account for factors such as duration, compensation structure, environmental regulations, or applicable state and federal laws. It is important to consult legal professionals or relevant experts in Fulton, Georgia, to adequately understand the specific details and implications of any such lease and agreement in order to protect the interests of both the surface owner and the gas storage company.

Fulton Georgia 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 the underground storage of gas on a piece of land in Fulton, Georgia. This agreement is specifically designed for surface owners who do not have the right to utilize the surface of the leased lands. The primary purpose of this agreement is to provide clarity and guidelines regarding the rights, responsibilities, and restrictions of both the surface owner and the gas storage company. In essence, the surface owner grants the gas storage company the exclusive right to store gas underground on their property without obtaining any rights to use or access the surface of the land. Key terms and provisions typically included in the Fulton Georgia Subsurface Underground Gas Storage Lease and Agreement may include: 1. Grant of rights: The surface owner grants the gas storage company the exclusive right to utilize and occupy the subsurface portion of the land for the purpose of gas storage. This includes the right to construct, operate, and maintain wells, pipelines, and other necessary infrastructure. 2. Duration and termination: The agreement specifies the duration of the lease and the circumstances under which either party may terminate the agreement, such as breach of contract or failure to comply with applicable laws and regulations. 3. Access and entry: The agreement delineates the limited access rights of the gas storage company to the surface of the land solely for the purpose of maintaining and operating the underground gas storage facilities. 4. Compensation and royalties: The agreement may outline the financial compensation the surface owner will receive from the gas storage company, which may include upfront payments, annual fees, or royalties based on gas storage volumes. 5. Liability and indemnification: Provisions related to liability, insurance, and indemnification may be included to protect both parties in the event of accidents, damage, or injuries related to the storage operations. Different types or variations of Fulton Georgia Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) may exist depending on specific circumstances or industry practices. These variations may account for factors such as duration, compensation structure, environmental regulations, or applicable state and federal laws. It is important to consult legal professionals or relevant experts in Fulton, Georgia, to adequately understand the specific details and implications of any such lease and agreement in order to protect the interests of both the surface owner and the gas storage company.