Maryland Oil, Gas and Mineral Lease

State:
Multi-State
Control #:
US-00577
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Word; 
Rich Text
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Description

This form is an Oil, Gas and Mineral Lease. The lessor grants a right to the lessee to enter and use certain property for the production of oil, gas, and sulphur. The document must be signed in the presence of a notary public.
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FAQ

The mineral estate is the ownership rights in minerals found in the real property. Minerals such as oil, natural gas, coal, iron, gold, etc., are considered any organic or inorganic substances which have value, based on their physical properties.

Electricity. Nuclear energy and natural gas supplied 73% of Maryland's total electricity net generation in 2021. In 2021, nuclear energy and natural gas generated 73% of Maryland's total in-state electricity, with each supplying almost equal amounts of the power supply.

In addition to the apparent lack of oil resource and local opposition, the state has no oil infrastructure off the coast, he said. Maryland also holds a trump card, Zinke added. Any oil recovered from offshore would have to be transported through state waters, and the state could "say no" to such deliveries, he said.

In 2021, Maryland? s only nuclear power plant--the Calvert Cliffs power station--accounted for 37% of the state's total electricity net generation. Maryland ranks among the 10 states with the lowest per capita natural gas use.

The Bureau of Land Management (BLM) manages public land, or onshore, leasing, and the Bureau of Ocean Energy Management (BOEM) manages public water, or offshore, leasing. As of 2022, the oil and gas industry held more than 34,000 leases on public lands, covering more than 23.7 million acres.

Maryland's use of petroleum, including gas and fuel oil, is the third lowest in the country. Since Maryland does not produce or refine petroleum, it is supplied via tanker ships and the Colonial Pipeline, which runs from the Gulf of Mexico to the New York area.

No petroleum has been found in Maryland.

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Maryland Oil, Gas and Mineral Lease