Travis Texas Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure

• Category: Oil Gas and Minerals - Waivers
• State: Multi-State
• County: Travis
• Control #: US-OG-155
• Format: Word; Rich Text

Description

This form serves to amend an oil and gas lease to allow a lessee to drill at any location on lands subject to a lease, including a location in close proximity to a building or structure on the lands subject to a lease. Travis Texas Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure In the field of oil and gas leasing, the Travis Texas Waiver of Lease Provision serves as a crucial legal document that outlines specific terms and conditions regarding drilling activities within a certain distance of a structure owned by the lessor. This provision is designed to protect the lessor's property and ensure the safety of structures located on the surface. By implementing this waiver, the lessor (the owner of the surface property) prohibits any drilling operations from taking place within a specified distance of their structure. This distance can vary depending on the circumstances and negotiations involved, but it typically ranges from a few hundred feet to a few thousand feet. The purpose of this provision is to minimize any potential risks associated with drilling activities, such as noise, vibrations, and potential damages to the structure. The Travis Texas Waiver of Lease Provision aims to create a balance between the rights of the lessor and the lessee (the party interested in conducting drilling operations). While the lessee typically holds the rights to explore and extract minerals beneath the surface, this provision grants the lessor the power to restrict drilling within a certain proximity to their structure. It is important to note that there may be different types or variations of the Travis Texas Waiver of Lease Provision based on specific circumstances or agreements. For example, the waiver may include additional clauses specifying the duration of the prohibition, the scope of the structure (e.g., residential or commercial buildings), or any exceptions to the restriction. Landowners who wish to protect their property and structures from potential drilling-related risks may choose to include this provision in their lease agreements. By stipulating a specified distance from their structure where drilling is prohibited, lessors can have peace of mind knowing that their property will not be adversely affected by the drilling activities. Overall, the Travis Texas Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure serves as a crucial safeguard for landowners, ensuring that their structures and properties are shielded from any potential damages or disturbances caused by drilling operations.

Travis Texas Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure In the field of oil and gas leasing, the Travis Texas Waiver of Lease Provision serves as a crucial legal document that outlines specific terms and conditions regarding drilling activities within a certain distance of a structure owned by the lessor. This provision is designed to protect the lessor's property and ensure the safety of structures located on the surface. By implementing this waiver, the lessor (the owner of the surface property) prohibits any drilling operations from taking place within a specified distance of their structure. This distance can vary depending on the circumstances and negotiations involved, but it typically ranges from a few hundred feet to a few thousand feet. The purpose of this provision is to minimize any potential risks associated with drilling activities, such as noise, vibrations, and potential damages to the structure. The Travis Texas Waiver of Lease Provision aims to create a balance between the rights of the lessor and the lessee (the party interested in conducting drilling operations). While the lessee typically holds the rights to explore and extract minerals beneath the surface, this provision grants the lessor the power to restrict drilling within a certain proximity to their structure. It is important to note that there may be different types or variations of the Travis Texas Waiver of Lease Provision based on specific circumstances or agreements. For example, the waiver may include additional clauses specifying the duration of the prohibition, the scope of the structure (e.g., residential or commercial buildings), or any exceptions to the restriction. Landowners who wish to protect their property and structures from potential drilling-related risks may choose to include this provision in their lease agreements. By stipulating a specified distance from their structure where drilling is prohibited, lessors can have peace of mind knowing that their property will not be adversely affected by the drilling activities. Overall, the Travis Texas Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure serves as a crucial safeguard for landowners, ensuring that their structures and properties are shielded from any potential damages or disturbances caused by drilling operations.