Kentucky Surface Lease to Allow Storing or Transporting Oil and Gas from off Premises A Kentucky surface lease to allow storing or transporting oil and gas from off premises is an agreement between a landowner in Kentucky and an oil/gas company. This lease grants the company the right to use the land on the surface for purposes such as storage or transportation of oil and gas extracted from off-site locations. There are different types of Kentucky surface leases that allow storing or transporting oil and gas from off premises. Some common types include: 1. Storage Lease: A storage lease permits the oil and gas company to utilize the surface of the designated Kentucky property solely for the purpose of storing extracted oil and gas. It specifies the duration, rental fees, and conditions under which the storage facility can be operated. 2. Pipeline Right-of-Way Lease: A pipeline right-of-way lease grants the company the right to construct and maintain pipelines on the surface of the Kentucky property. This lease authorizes the transportation of oil and gas across the landowner's property, typically via underground pipes. 3. Depot Lease: A depot lease allows an oil and gas company to construct and operate a distribution depot or terminal on the Kentucky property. This lease allows the company to store, receive, and distribute oil and gas resources from the site. It includes provisions for rental payments, maintenance responsibilities, and security measures. 4. Pumping Station Lease: A pumping station lease is applicable when the oil and gas company requires a designated area on the surface of the Kentucky property to establish a pumping facility. This facility is crucial for maintaining pressure and ensuring efficient transportation of oil and gas through pipelines. 5. Processing Facility Lease: A processing facility lease permits the establishment and operation of oil and gas processing facilities on the Kentucky property. These facilities are responsible for refining, treating, and separating oil and gas into different products or byproducts. The lease outlines the terms, rental fees, and obligations related to the processing facility. It's important to note that each type of Kentucky surface lease to allow storing or transporting oil and gas from off premises will have unique terms, conditions, and financial arrangements. The negotiation of these leases often involves considerations such as environmental impacts, compensation for land use, access to the property, and liability issues. If you're a landowner in Kentucky considering entering into such a lease agreement, it is crucial to seek legal advice and understand the implications, rights, and responsibilities associated with the specific type of lease being considered.
Kentucky Surface Lease to Allow Storing or Transporting Oil and Gas from off Premises
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FAQ
The BLM administers the lease but the Forest Service has more direct involvement in the leasing process for lands it administers. The Act also establishes a requirement that all public lands that are available for oil and gas leasing be offered first by competitive leasing.
in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.
What is the granting clause? The granting clause is the clause under which the owner of the oil and gas rights leases the oil and gas rights to the oil and gas company along with the right to develop the oil and gas on a specifically described piece of real estate.
Granting Clause: The clause in the deed that lists the grantor and the grantee and states that the property is being transferred between the parties.
In a few words, a pooling clause is written into a lease. This oil and gas clause allows the leased premises to be combined with other lands to form a single drilling unit. It's not uncommon for there to be a pool of oil or gas under numerous parcels of land.
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.
Granting Clause: This clause specifies: (a) the land that is being leased; (b) which minerals are being leased (oil, gas, uranium, etc.); and (c) and what rights the production company has to use the surface land in an effort to produce the leased minerals.
A ?special warranty? is a covenant made by the lessor to defend the lessee against encumbrances or clouds on the oil and gas title created by the lessor during his ownership of the estate. The protection offered by this warranty is therefore limited to those title defects caused or created by the lessor himself.