A Louisiana Surface Use Agreement is a contractual agreement between an operator and a surface owner that outlines the conditions and terms regarding the use of the surface of a piece of land for the purpose of locating production equipment in cellars. This agreement is particularly relevant in the oil and gas industry where production equipment needs to be placed in specially constructed cellars. The Louisiana Surface Use Agreement when Operator's Production Equipment is Located in Cellars specifies various aspects related to the use of the surface of the land. It primarily addresses the installation, operation, and maintenance of the cellars that will house the production equipment. The agreement typically includes the following key provisions: 1. Cellar Construction and Installation: The agreement outlines the guidelines and techniques for constructing the cellars to ensure they meet industry standards and comply with local regulations. It may include details regarding the depth, dimensions, and materials to be used during construction. 2. Surface Restoration: The agreement specifies the operator's obligations to restore the surface of the land once the production equipment is no longer in use. This may involve replanting vegetation, regrading the land, and remedying any damages caused during the installation or operation of the cellars. 3. Access and Easements: The agreement establishes the operator's right to access the land for the purpose of installing, operating, maintaining, and removing production equipment from the cellars. It may define the scope of the easements required and any limitations or restrictions placed on the surface owner's use of the land during this period. 4. Emergency Response and Liability: The agreement typically outlines the responsibilities and liabilities of both parties in case of emergencies or accidents related to the use of the cellars and production equipment. It may specify insurance requirements and protocols for handling such situations. 5. Compensation and Royalties: The Louisiana Surface Use Agreement may address the compensation the surface owner will receive from the operator for the use of their land. This may include one-time payments, annual rentals, or royalties based on the production or revenue generated from the operation. Different types of Louisiana Surface Use Agreements may exist depending on the specific circumstances and negotiations between the operator and the surface owner. Some variations may include lease-specific provisions, environmental protections, or additional limitations on the use of the land. In summary, a Louisiana Surface Use Agreement when Operator's Production Equipment to Be Located in Cellars is a contractual agreement that addresses the use of surface land for the installation of production equipment. It encompasses aspects such as cellar construction, restoration, access rights, emergency response, compensation, and additional specifics based on the agreement's type and terms.
Louisiana Surface Use Agreement when Operator's Production Equipment to Be Located in Cellars
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FAQ
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.
"Held by production" is a provision in an oil or natural gas property lease that allows the lessee, generally an energy company, to continue drilling activities on the property as long as it is economically producing a minimum amount of oil or gas.
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.
Is there more than one type of oil and gas lease? Yes, there are three types: a surface use lease, a non-surface use lease, and a dual purpose lease.
Surface Right means the right in rem of an individual or a legal entity, which is established for a time period of up to 99 years, to construct a building within public property and to exercise on such building the powers captured by the right of ownership, in ance with Articles 18 to 26 of Law 3986/2011, as in ...
Some of the changes were mandated by the 2022 Inflation Reduction Act, which directs the Interior Department to increase the royalty rates paid by companies that drill on public lands to 16.67 percent from 12.5 percent, and to increase the minimum bid at auctions for drilling leases to $10 per acre from $2 per acre, ...
Production Lease means that part of the License Area which is established for development of a Discovery pursuant to the License which is delineated as the Production Lease in a Development Plan approved as a Joint Operation or as an Exclusive Risk Operation.
Held by production is an oil & gas industry term indicating a property is under lease and that the lease is being perpetuated in the secondary term by the production of oil or gas in paying quantities. An oil & gas may be in HBP status for many years if the wells located on the leased land keep producing.