Bronx New York Oil and Gas Lease - No Surface Occupancy - Rocky Mountain Paid Up - Form B

State:
Multi-State
County:
Bronx
Control #:
US-RM-OG-002
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Word; 
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Description

This form is a Rocky Mountain Lease agreement wherein Lessor grants, leases, and lets exclusively to Lessee the lands described within for the purposes of conducting seismic and geophysical operations, exploring, drilling, mining, and operating for, producing and owning oil, gas, sulfur, and all other minerals whether or not similar to those mentioned (collectively the oil or gas), and the right to make surveys, lay pipelines, establish and utilize facilities for surface or subsurface disposal of salt water, construct roads and bridges, dig canals, build tanks, power stations, power lines, telephone lines, and other structures on the Lands, necessary or useful in Lessee's operations on the Lands or any other land adjacent to the Lands. This lease form also provides for pooling.

The Bronx New York Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a legally binding contract that allows oil and gas companies to extract natural resources beneath the surface of designated lands in the Bronx, New York. This lease agreement ensures that the company has the right to explore, drill, and extract oil and gas reserves without physically occupying the surface area above the resources. The Bronx New York Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B comes with several variations depending on specific requirements and conditions. Some different types of leases include: 1. Standard Bronx New York Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B: This lease grants the oil and gas company exclusive rights for drilling and extraction activities beneath designated lands in the Bronx, New York. It prohibits any surface occupation, meaning no structures or equipment can be placed on the leased area. 2. Modified Bronx New York Oil and Gas Lease — No Surface Occupancy — Rocky Mountain Paid U— - Form B: This lease is similar to the standard version but may include modified terms and conditions based on negotiation between the landowner and the oil and gas company. These modifications can pertain to royalty rates, length of the lease, or other specific requirements. 3. Limited Bronx New York Oil and Gas Lease — No Surface Occupancy — Rocky Mountain Paid U— - Form B: This lease restricts the oil and gas company's activities to certain areas within the Bronx. It may be applicable when part of the designated land is already developed or requires protection due to environmental concerns or other reasons. 4. Extended Bronx New York Oil and Gas Lease — No Surface Occupancy — Rocky Mountain Paid U— - Form B: This lease extends the term of the agreement beyond the standard duration. It may be negotiated to allow the oil and gas company additional time for exploration and extraction activities, providing them with a longer window of opportunity. By utilizing the Bronx New York Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B, both landowners and oil and gas companies can establish a clear agreement regarding the extraction of natural resources while ensuring minimal disruption to the surface area above. This lease allows the company to benefit economically from the oil and gas reserves while protecting the landowner's rights and preserving the environment in the Bronx, New York.

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Again, negotiating oil leases takes time. Don't Respond That You're Not Interested.Don't Rush to Hire a Lawyer.Don't Start Spending Money You Don't Yet Have.Don't Warrant the Mineral Title.Don't Lease Multiple Non-contiguous Tracts on One Lease Form.Don't Spout Off during Negotiating.

If a lease is a "paid-up" lease, then the lease will remain in effect during the entire primary term with no further payments to the Lessor unless and until actual production of oil or gas is established.

How do you determine if your property is already subject to a recorded oil and gas lease? A search of the public records at the county register of deeds office is necessary. For example, in Oceana County, the public records are available online, or you can go to their office.

The primary term of a federal oil and gas lease is 10 years. The term is extended as long as the lease has at least one well capable of production. Leases do not authorize ground disturbance.

Oil, gas, and mineral lease (OGML) disputes arise between the mineral rights owner (lessor) and the companies that leased those rights (lessee). A typical OGML will be Paid-Up, meaning an amount of money is paid when the OGML is executed; that money is the only guaranteed payment.

A great place to begin is contacting your local Recording Department in the Clerk & Recorder's Office. Here you can find archived copies of property deeds, and you can research the mineral rights ownership to your land. The deed should specify the type of ownership at the time of the sale or transfer of ownership.

What Should You Look for in an Oil and Gas Lease? Gross or Cost-Free Royalty Provision. The first thing landowners typically want to know with an Oil and Gas Lease is, What's my bonus amount?Surface protection & Pugh Clause.Length of lease.

Memorandum of Lease. (Oil & Gas) This form is a memorandum of lease that summarizes an oil and gas lease without disclosing confidential information contained in the lease itself. It is filed in the county in which the leased property is located to put third parties on notice that a lease exists.

A mineral lease is a contractual agreement between the owner of a mineral estate (known as the lessor), and another party such as an oil and gas company (the lessee). The lease gives an oil or gas company the right to explore for and develop the oil and gas deposits in the area described in the lease.

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(2) ensure compliance with the Rocky Mountain Low-level Radioactive. In view of these impacts, the.The recommendations should be considered within areas of important wildlife habitats, in which large-scale energy developments are planned or underway. Title Examination: Oil, Gas, and Mining 2-1 (Rocky Mt. Min. (Unit) is the first step in carrying out that policy. I can only hope that the restaurant world can recover post-COVID. Pennsylvania, the Pennsylvania Public Utility Commission (PAPUC) has safety jurisdiction over natural gas gathering lines in non-rural areas. Regional Vice President Rocky Mountain. Fresenius Medical Care. Emissions in New York State.

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Bronx New York Oil and Gas Lease - No Surface Occupancy - Rocky Mountain Paid Up - Form B