Montana Surface Use Agreement (Contains Provisions Relative to Indemnity)

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Multi-State
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US-OG-1197
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This form is a surface use agreement that contains provisions relative to indemnity, release of liability and allocation of risk.

Montana Surface Use Agreement (Contains Provisions Relative to Indemnity): A Comprehensive Overview Introduction: A Montana Surface Use Agreement, also known as a Surface Use Agreement (SUA), is a legally binding document that governs the use of surface lands for various activities such as oil and gas exploration, mining, and other forms of resource extraction in the state of Montana, United States. This agreement is aimed at balancing the rights and interests of the surface landowners and the entity seeking to utilize the land for resource extraction purposes. Provisions Relative to Indemnity: One crucial aspect of a Montana Surface Use Agreement is the inclusion of provisions relating to indemnity. Indemnity refers to the compensation or protection provided by one party (the operator) to the other party (the landowner) against any potential losses, damages, or liabilities arising from the activities conducted on the surface lands. 1. Indemnification Clause: The Surface Use Agreement typically includes an indemnification clause that specifies the operator's obligation to indemnify and hold harmless the landowner from any losses, damages, or liabilities arising due to the operator's operations. This provision aims to protect the landowner from potential risks associated with resource extraction. 2. Scope of Indemnity: The clause may outline the scope of the indemnity, such as whether it covers any accidents, spills, environmental damages, or other specific occurrences. It is essential for both parties to clearly define the extent of indemnification to ensure a fair and mutually beneficial agreement. 3. Insurance Requirements: To ensure compliance with the indemnity provision, the Surface Use Agreement may require the operator to obtain insurance coverage specifically tailored to cover potential liabilities related to its activities on the surface lands. This includes coverage for bodily injury, property damage, environmental remediation, and pollution-related risks. The agreement may specify the minimum insurance limits the operator must maintain throughout the agreement's duration. 4. Additional Insured Endorsement: Landowners often request the operator to add them as an additional insured party under the operator's insurance policy. This endorsement serves as an added layer of protection for the landowner, ensuring that they are directly covered by the operator's insurance policy in case of any covered liabilities. 5. Waiver of Subrogation: The Surface Use Agreement may include a waiver of subrogation clause, which precludes the insurance company from seeking reimbursement from the landowner for any claims the insurance company paid related to operator activities. This provision further protects the landowner from financial burdens arising from lawsuits or insurance claims. Types of Montana Surface Use Agreements: While the provisions relative to indemnity remain consistent across Montana Surface Use Agreements, there may be variations based on the specific activities and entities involved. Some common types of Surface Use Agreements in Montana include: 1. Oil and Gas Surface Use Agreement 2. Mining Surface Use Agreement 3. Wind Energy Surface Use Agreement 4. Solar Energy Surface Use Agreement 5. Timber Harvesting Surface Use Agreement Conclusion: A Montana Surface Use Agreement (Contains Provisions Relative to Indemnity) plays a vital role in protecting both the landowner and the operator's interests. By delineating the responsibilities, liabilities, and indemnification provisions, this agreement ensures a fair and balanced relationship between parties engaged in resource extraction on Montana's surface lands.

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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. What are Subsurface Rights and How do they Work? - Pheasant Energy pheasantenergy.com ? subsurface-rights pheasantenergy.com ? subsurface-rights

How to Write an Indemnity Agreement Consider the Indemnity Laws in Your Area. ... Draft the Indemnification Clause. ... Outline the Indemnification Period and Scope of Coverage. ... State the Indemnification Exceptions. ... Specify How the Indemnitee Notifies the Indemnitor About Claims. ... Write the Settlement and Consent Clause.

An indemnification clause is an important provision in which the service provider agrees to indemnify the customer company for any breaches of its warranties.

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. Fundamentals of an Oil and Gas Lease rothmangordon.com ? fundamentals-of-an-... rothmangordon.com ? fundamentals-of-an-...

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 ... Surface Right Definition - Law Insider lawinsider.com ? dictionary ? surface-right lawinsider.com ? dictionary ? surface-right

Landowners should consider consulting with a local mineral rights expert when it comes to reviewing the quality of a lease offer to determine if it is mutually beneficial- LandGate can refer mineral owners to a local expert. There are many factors that influence the calculation of mineral worth.

Because of the diversity of ownership of oil and gas interests and/or the need to share economic risks, the oil and gas industry has utilized a number of different contractual arrangements. The most common types of contracts used are farm-outs-farm-ins, or well trade agreements, and joint operating agreements. Oil and gas contracts - AAPG Wiki aapg.org ? Oil_and_gas_contracts aapg.org ? Oil_and_gas_contracts

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.

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This form is a surface use agreement that contains provisions relative to indemnity, release of liability and allocation of risk. Free preview. – Surface owner protection is not required on private minerals in. Montana. Surface Use Agreements. • No need to worry about the rest of the terms of the lease.Feb 24, 2022 — The purpose of these guidelines is to provide helpful tips to landowners who are negotiating mineral leases or surface use agreements. Another situation where a mineral owner may not have complete authority to deny an oil and gas lease opportunity is when there are undivided mineral cotenants ... In head-of-hollow fills, the top surface of the fill, when completed, is at ... (123) "Surety bond" means an indemnity agreement in a sum certain payable to ... Make the steps below to complete Surface Use Agreement (Contains Provisions Relative to Indemnity) online quickly and easily: Sign in to your account. Log in ... The indemnities of the indemnifying party in this Agreement do not cover or include any amounts that the indemnified party actually recoups prior to the ... The VCP consists of two components. The first is the submission of an environmental assessment of the facility. Once the Department determines that the ... EXHIBIT 10.1 PURCHASE AND SALE AGREEMENT THIS AGREEMENT dated this 1st day of October, 2002, is between Burlington Resources Oil & Gas Company LP, a ... As to the Obligation Wells, Buyer agrees to indemnify Sellers for all costs, losses, liabilities and expenses indirectly or directly incurred by a Seller as a ...

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Montana Surface Use Agreement (Contains Provisions Relative to Indemnity)