This form is a Rocky Mountain Lease agreement wherein Lessor grants, leases, and lets exclusively to Lessee the lands described within for the purposes of conducting seismic and geophysical operations, exploring, drilling, mining, and operating for, producing and owning oil, gas, sulfur, and all other minerals whether or not similar to those mentioned (collectively the oil or gas ), and the right to make surveys, lay pipelines, establish and utilize facilities for surface or subsurface disposal of salt water, construct roads and bridges, dig canals, build tanks, power stations, power lines, telephone lines, and other structures on the Lands, necessary or useful in Lessee's operations on the Lands or any other land adjacent to the Lands. This lease form also provides for pooling.
North Carolina Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a legal agreement between a mineral rights owner and an oil and gas production company. This lease grants the company the right to explore, develop, and extract oil and gas resources from the designated area, all while respecting specific conditions. The "No Surface Occupancy" clause in this lease signifies that the oil and gas company is not allowed to disturb or occupy the surface land while conducting their operations. This clause ensures the protection of the landowner's property and minimizes environmental impact. The "Rocky Mountain Paid Up" provision guarantees that the oil and gas company pays a lump sum amount to the mineral rights' holder upfront, covering the entire lease term. This eliminates the need for continuous royalty payments, providing the landowner with immediate financial compensation. There may be variations or different types of North Carolina Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B. These variations could include adjustments to lease terms, specific geographic locations, or additional provisions for land reclamation or environmental protection. Different types or versions of this lease might be distinguished by various identifiers, such as "Amended Form B" or "Form B with Enhanced Environmental Protections." Each type will have its own specifics while retaining the core elements of the original lease. Keywords: North Carolina, oil and gas lease, no surface occupancy, rocky mountain paid up, Form B, legal agreement, mineral rights, exploration, development, extraction, environmental protection, landowner, property, lump sum, royalty payments, lease terms.
