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 Harris Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a legally binding agreement between the landowner and an oil and gas company. It grants the company the right to explore and extract oil and gas reserves from the land, while ensuring no surface activities are carried out. This type of lease is commonly used in the Rocky Mountain region, particularly in Harris County, Texas. The Harris Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B provides several key benefits for both parties involved. Firstly, it allows the oil and gas company to access and extract valuable energy resources without disturbing the landowner's property. This means no drilling rigs, equipment, or structures will be erected on the surface, minimizing disruptions to land use and aesthetics. Furthermore, the "No Surface Occupancy" provision ensures that the landowner retains full surface control and use of the property. This means that the landowner can continue to use and enjoy the land for various purposes such as farming, ranching, or recreational activities. The oil and gas company, however, has the exclusive right to access and extract oil and gas reserves beneath the surface through horizontal drilling techniques. The "Rocky Mountain Paid Up" clause in this lease refers to the payment structure agreed upon between the parties. In this case, it implies that the oil and gas company has made a lump sum payment to the landowner upfront, thereby eliminating the need for any future royalty payments or annual rentals. It's worth mentioning that there might be variations of the Harris Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B. The naming convention might differentiate them based on specific provisions or modifications made to the original template for different circumstances. These variations could include options for extended terms, additional clauses related to environmental protection, or special provisions for access roads and infrastructure. Overall, the Harris Texas Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B offers an opportunity for landowners to benefit financially from the oil and gas resources beneath their property while maintaining control and use of the surface. Likewise, it enables oil and gas companies to extract these resources efficiently and economically without significantly impacting the landowner's daily activities or the environment.
