Oakland Michigan Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right ot Use the Surface of the Lands being Granted)

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• County: Oakland
• Control #: US-OG-1151
• Format: Word; Rich Text

Description

This form is a subsurface underground gas storage lease and agreement from a surface owner with no rights to use the surface of the lands being granted. The Oakland Michigan Subsurface Underground 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 between the surface owner and the entity seeking to lease the underground storage space in Oakland County, Michigan. This agreement allows the entity, typically an energy company or storage facility operator, to utilize the subsurface area below the surface owner's property for storage purposes. It is important to note that the surface owner retains ownership and all rights to the land above the subsurface, while granting exclusive rights to the lessee for underground storage activities. The lease agreement will typically contain detailed provisions related to the use, operation, and maintenance of the subsurface storage facilities. It will outline the duration of the lease, any rent or royalties to be paid to the surface owner, and the conditions under which the lease may be terminated or extended. Keywords: Oakland Michigan, subsurface, underground storage, lease agreement, surface owner, no right to use surface, lands being granted, energy company, storage facility, operation, maintenance, rent, royalties, termination, extension. Different types of Oakland Michigan Subsurface Underground Storage Lease and Agreement may include variations based on specific industry requirements or the nature of the storage activities to be conducted. Some possible types or classifications could be: 1. Oil and Gas Storage Lease Agreement: Specifically designed for the storage of oil and gas resources, outlining regulations and procedures relevant to this industry. 2. Natural Gas Storage Lease Agreement: Tailored for the storage of natural gas, encompassing provisions specific to handling and storing this particular resource. 3. Underground Water Storage Lease Agreement: Focused on the storage of water underground, addressing the management, withdrawal, and replenishment of water resources. 4. Chemical or Hazardous Material Storage Lease Agreement: Geared towards the storage of potentially hazardous materials, highlighting safety protocols, emergency response plans, and regulatory compliance measures. These are just a few examples, and depending on the specific use case, there may be other types or classifications of Oakland Michigan Subsurface Underground Storage Lease and Agreement.

The Oakland Michigan Subsurface Underground 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 between the surface owner and the entity seeking to lease the underground storage space in Oakland County, Michigan. This agreement allows the entity, typically an energy company or storage facility operator, to utilize the subsurface area below the surface owner's property for storage purposes. It is important to note that the surface owner retains ownership and all rights to the land above the subsurface, while granting exclusive rights to the lessee for underground storage activities. The lease agreement will typically contain detailed provisions related to the use, operation, and maintenance of the subsurface storage facilities. It will outline the duration of the lease, any rent or royalties to be paid to the surface owner, and the conditions under which the lease may be terminated or extended. Keywords: Oakland Michigan, subsurface, underground storage, lease agreement, surface owner, no right to use surface, lands being granted, energy company, storage facility, operation, maintenance, rent, royalties, termination, extension. Different types of Oakland Michigan Subsurface Underground Storage Lease and Agreement may include variations based on specific industry requirements or the nature of the storage activities to be conducted. Some possible types or classifications could be: 1. Oil and Gas Storage Lease Agreement: Specifically designed for the storage of oil and gas resources, outlining regulations and procedures relevant to this industry. 2. Natural Gas Storage Lease Agreement: Tailored for the storage of natural gas, encompassing provisions specific to handling and storing this particular resource. 3. Underground Water Storage Lease Agreement: Focused on the storage of water underground, addressing the management, withdrawal, and replenishment of water resources. 4. Chemical or Hazardous Material Storage Lease Agreement: Geared towards the storage of potentially hazardous materials, highlighting safety protocols, emergency response plans, and regulatory compliance measures. These are just a few examples, and depending on the specific use case, there may be other types or classifications of Oakland Michigan Subsurface Underground Storage Lease and Agreement.