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.
District of Columbia Oil and Gas Lease - No Surface Occupancy - Rocky Mountain Paid Up - Form B
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How to fill out Oil And Gas Lease - No Surface Occupancy - Rocky Mountain Paid Up - Form B?
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FAQ
In Oil & Gas leasing, a Rental Payment is a type of payment that is paid by the lessee (operator) to the lessor (owner) for the purpose of maintaining the validity of a lease. Rental payments are subject to different timelines and can be made out monthly, quarterly, or annually.
A clause in an oil & gas lease that allows the lessee to pay an amount (delay rental) to the lessor to postpone commencement of drilling operations during the primary term of the lease to keep it in effect.
