Lima Arizona Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form) is a legal contract that outlines the terms and conditions for the utilization of underground storage space for natural gas in Lima, Arizona. This comprehensive agreement governs the relationship and responsibilities between the lessee (gas storage company) and the lessor (landowner) regarding the use, construction, operation, and maintenance of gas storage facilities. Keywords: Lima Arizona, subsurface, underground, gas storage, lease and agreement, landowner, long form. Types of Lima Arizona Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form): 1. Exploration and Development Lease: This type of agreement grants the lessee the right to explore and evaluate the subsurface area for the suitability of establishing underground gas storage facilities. Upon successful evaluation, the agreement may progress to a storage lease. 2. Storage Lease: This lease is focused on the actual operation and utilization of the subsurface area for gas storage purposes. It outlines the terms of storage capacity, injection and withdrawal rates, and the rights and responsibilities of the lessee and landowner during the storage operation. 3. Extension and Renewal Agreement: This agreement is entered into when the original lease term is about to expire, and both parties agree to extend the lease for a further period. It includes provisions for revising rental rates, storage capacity, or any other negotiated terms. 4. Surface Use Agreement: In addition to the main lease agreement, this separate document addresses the rights and obligations of the lessee in relation to surface facilities, such as access roads, pipeline connections, and above-ground equipment installation. It ensures that surface usage is compatible with the landowner's existing land use. 5. Environmental Compliance Agreement: This agreement focuses on environmental regulations and compliance with state and federal laws governing the storage and operation of gas storage facilities. It outlines the lessee's obligations to mitigate environmental risks, monitor gas leaks, and maintain compliance throughout the lease term. 6. Abandonment and Restoration Agreement: This agreement comes into effect upon the expiration or termination of the storage lease. It details the obligations of the lessee to decommission and restore the site in compliance with applicable laws, ensuring minimal impact on the environment and the landowner's property. These Lima Arizona Subsurface Underground Gas Storage Lease and Agreement variations cater to different stages of the gas storage process, ensuring a comprehensive and legally binding arrangement between the gas storage company and the landowner.
Pima Arizona Subsurface Underground Gas Storage Lease and Agreement (With Landowner; Long Form)
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