Maricopa Arizona 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: Maricopa
• 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. Maricopa Arizona 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 that allows a gas storage operator to utilize the subsurface areas of a property located in Maricopa, Arizona, without disturbing the surface owner's rights or access to the land. This agreement provides an organized framework for the exploration, development, operation, and maintenance of subsurface underground gas storage facilities. The main objective of this agreement is to establish a mutually beneficial relationship between the gas storage operator and the surface owner, ensuring the preservation and protection of the property while allowing for underground storage activities. The lease outlines the terms and conditions under which the gas storage operator can exercise their rights and responsibilities related to the subsurface areas. Some important components typically covered in this agreement include: 1. Grant of Subsurface Rights: This section details the specific subsurface areas that are being leased to the gas storage operator for underground gas storage purposes. It outlines the limitations of the lease, ensuring that only subsurface activities are allowed without any interference to surface operations or rights. 2. Exploration and Development: The agreement outlines the process and obligations for exploring and developing the subsurface areas for gas storage. It may include provisions for conducting necessary surveys, evaluations, and tests to ensure the feasibility of storing gas underground. 3. Operation and Maintenance: This section specifies the rights and obligations of the gas storage operator concerning the operations, monitoring, and maintenance of the underground storage facilities. It may cover aspects such as pressure management, integrity testing, safety measures, and environmental compliance. 4. Compensation and Royalties: The lease agreement typically addresses the compensation structure for the surface owner, including the payment of lease fees, royalties, or other financial arrangements. It may also outline the process for setting and adjusting these payments over time. 5. Indemnification and Liability: This section outlines the responsibilities of both parties concerning potential damages, accidents, or claims arising from the gas storage operations. It may include provisions for insurance coverage and indemnification procedures. It's important to note that there may be several types or variations of Maricopa Arizona Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted), depending on the specific conditions, terms, and additional clauses set by the parties involved. Each agreement will be tailored to the specific needs and requirements of the gas storage operator and the surface owner.

Maricopa Arizona 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 that allows a gas storage operator to utilize the subsurface areas of a property located in Maricopa, Arizona, without disturbing the surface owner's rights or access to the land. This agreement provides an organized framework for the exploration, development, operation, and maintenance of subsurface underground gas storage facilities. The main objective of this agreement is to establish a mutually beneficial relationship between the gas storage operator and the surface owner, ensuring the preservation and protection of the property while allowing for underground storage activities. The lease outlines the terms and conditions under which the gas storage operator can exercise their rights and responsibilities related to the subsurface areas. Some important components typically covered in this agreement include: 1. Grant of Subsurface Rights: This section details the specific subsurface areas that are being leased to the gas storage operator for underground gas storage purposes. It outlines the limitations of the lease, ensuring that only subsurface activities are allowed without any interference to surface operations or rights. 2. Exploration and Development: The agreement outlines the process and obligations for exploring and developing the subsurface areas for gas storage. It may include provisions for conducting necessary surveys, evaluations, and tests to ensure the feasibility of storing gas underground. 3. Operation and Maintenance: This section specifies the rights and obligations of the gas storage operator concerning the operations, monitoring, and maintenance of the underground storage facilities. It may cover aspects such as pressure management, integrity testing, safety measures, and environmental compliance. 4. Compensation and Royalties: The lease agreement typically addresses the compensation structure for the surface owner, including the payment of lease fees, royalties, or other financial arrangements. It may also outline the process for setting and adjusting these payments over time. 5. Indemnification and Liability: This section outlines the responsibilities of both parties concerning potential damages, accidents, or claims arising from the gas storage operations. It may include provisions for insurance coverage and indemnification procedures. It's important to note that there may be several types or variations of Maricopa Arizona Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted), depending on the specific conditions, terms, and additional clauses set by the parties involved. Each agreement will be tailored to the specific needs and requirements of the gas storage operator and the surface owner.