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 King Washington Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a type of lease agreement that allows for the exploration and extraction of oil and gas resources in the Rocky Mountain region while ensuring there is no surface disturbance or occupancy. This lease agreement is designed to provide the lessee with exclusive rights to explore and develop oil and gas reserves beneath the surface of the land, without causing any disturbance to the land or occupying any surface area. The agreement typically includes detailed terms and conditions regarding the exploration and production activities, royalty payments, and other lease-related provisions. The use of "No Surface Occupancy" in the lease agreement indicates that the lessee is prohibited from constructing any structures, roads, or facilities on the surface of the leased land. This allows for the preservation and protection of the above-ground environment, including wildlife habitats, plant life, and recreational areas, while enabling the extraction of oil and gas reserves from below the surface. The "Rocky Mountain Paid Up" clause signifies that the lessee has paid a lump sum amount to the lessor, which covers the entire duration of the lease. This eliminates the need for additional rental payments or annual fees during the lease term, providing financial convenience for both parties involved. Different types or variations of the King Washington Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B may include specific provisions tailored for different geographic locations within the Rocky Mountain region. For instance, there could be variations in terms of royalty rates, lease duration, bonus payments, and other conditions, depending on the specific characteristics and potential reserves of the leased area. In summary, the King Washington Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is an agreement that allows for the exploration and extraction of oil and gas reserves in the Rocky Mountain region without any surface disturbance. It offers a convenient and financially beneficial arrangement for both the lessee and lessor while ensuring the protection of the above-ground environment.The King Washington Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a type of lease agreement that allows for the exploration and extraction of oil and gas resources in the Rocky Mountain region while ensuring there is no surface disturbance or occupancy. This lease agreement is designed to provide the lessee with exclusive rights to explore and develop oil and gas reserves beneath the surface of the land, without causing any disturbance to the land or occupying any surface area. The agreement typically includes detailed terms and conditions regarding the exploration and production activities, royalty payments, and other lease-related provisions. The use of "No Surface Occupancy" in the lease agreement indicates that the lessee is prohibited from constructing any structures, roads, or facilities on the surface of the leased land. This allows for the preservation and protection of the above-ground environment, including wildlife habitats, plant life, and recreational areas, while enabling the extraction of oil and gas reserves from below the surface. The "Rocky Mountain Paid Up" clause signifies that the lessee has paid a lump sum amount to the lessor, which covers the entire duration of the lease. This eliminates the need for additional rental payments or annual fees during the lease term, providing financial convenience for both parties involved. Different types or variations of the King Washington Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B may include specific provisions tailored for different geographic locations within the Rocky Mountain region. For instance, there could be variations in terms of royalty rates, lease duration, bonus payments, and other conditions, depending on the specific characteristics and potential reserves of the leased area. In summary, the King Washington Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is an agreement that allows for the exploration and extraction of oil and gas reserves in the Rocky Mountain region without any surface disturbance. It offers a convenient and financially beneficial arrangement for both the lessee and lessor while ensuring the protection of the above-ground environment.
