Guam Surface Use Agreement Between Oil and Gas Lessee and Surface Owner Providing For Surface Damages and Disposal of Salt Water into An Existing Well Bore

State:
Multi-State
Control #:
US-OG-417
Format:
Word; 
Rich Text
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Description

This form is used when Lessor owns the surface estate in the Lands and Lessee desires to enter into this Agreement for the purpose of specifying the terms and conditions by which Lessee may use the surface estate of the Lands in conducting Lessee's operations under the terms of the Lease.



Guam Surface Use Agreement Between Oil and Gas Lessee and Surface Owner Providing For Surface Damages and Disposal of Salt Water into An Existing Well Bore is a legal agreement that outlines the terms and conditions between the lessee (the oil and gas company) and the surface owner (the individual or entity owning the land) in Guam. This agreement allows the lessee to drill for oil and gas on the surface owner's land while protecting the rights and interests of both parties. Keywords: Guam, surface use agreement, oil and gas lessee, surface owner, surface damages, disposal of saltwater, existing well bore. There are several types of Guam Surface Use Agreement, tailored to specific situations. Some different types include: 1. Standard Surface Use Agreement: This is a comprehensive agreement that covers all aspects of drilling operations, surface damages, and saltwater disposal. It ensures that both parties are adequately protected and aware of their rights and responsibilities. 2. Limited Surface Use Agreement: This type of agreement allows the lessee to conduct specific drilling activities on the surface owner's land for a limited period. It may restrict the areas where drilling is permitted or the types of operations that can be carried out. 3. Environmental Protection Surface Use Agreement: This agreement places additional emphasis on minimizing the environmental impact of drilling operations. It includes provisions for the proper handling and disposal of any hazardous substances, including saltwater, to ensure the preservation of Guam's natural resources. 4. Renewal Surface Use Agreement: This type of agreement is entered into when the initial term of the lease has expired, but both parties wish to continue the drilling operations. It outlines the terms and conditions for renewing the lease, including any adjustments to rental payments or surface damage compensation. 5. Emergency Surface Use Agreement: In the event of an emergency, such as an oil spill or a blowout, this agreement allows the lessee to take immediate action to mitigate the situation without waiting for formal approval. It includes provisions for emergency response plans, communication protocols, and liability allocation. Regardless of the specific type of Guam Surface Use Agreement, its primary purpose is to establish a mutually beneficial relationship between the oil and gas lessee and the surface owner, while ensuring the protection of the environment, the landowner's property rights, and the safety of all parties involved.

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FAQ

The owner of the Surface Estate is entitled to use the surface only. The owner of the Mineral Estate has the right to use a reasonable amount of the surface to explore for oil and gas or grant a lease to an oil and gas company.

A surface use agreement, which is also sometimes referred to as a land use agreement, is an agreement between the landowner and an oil and gas company or an operator for the use of the landowner's land in the development of the oil and gas.

When an oil and gas company decides to construct a well, the company typically leases the portion of the surface on which the well sits from the surface owner. This lease is memorialized in a Surface Use Agreement (SUA).

After Payout (APO): the period after Payout has occurred. In the context of a JOA or similar agreement, APO is often used to describe the period after the Consenting Parties have recovered the costs of Production plus the Non-Consent Penalty.

Concerning land ownership and property law, subsurface rights can allow a property owner to discover and utilize anything extracted from underneath a property without interference from a second party. Purchasing both rights for a property is possible.

More info

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Guam Surface Use Agreement Between Oil and Gas Lessee and Surface Owner Providing For Surface Damages and Disposal of Salt Water into An Existing Well Bore