This form is used when Lessor grants, leases, and lets to Lessee the exclusive right to use the surface of the lands described below for the installation and operation of a salt water disposal well on the lands. Grantee shall have the right of ingress and egress and the right to construct, install, operate and maintain equipment and appurtenances, including pipelines, electric power lines, poles, guide wires and anchors necessary to gather, store, transport, process, and otherwise handle salt water from an oil/gas well or wells owned or operated, in whole or in part, by Lessee, whether located on the lands that are the subject of this Lease, or on other lands.
Nebraska Surface Lease For Salt Water Disposal Well For Operator to Dispose of Its Water, Produced on Or off the Lands Subject to the Lease
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US-OG-416
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FAQ
Will My Federal Lease Be Extended? Like virtually all modern oil and gas leases, federal leases have a fixed primary term (typically 10 years)[1] and a habendum (i.e., ?so long thereafter?) clause.
If the lessee is engaged in drilling operations at the expiration of the primary term of the lease,[9] the lease term will be extended for an additional two years if certain requirements are met. [10] Actual drilling operations that penetrate the earth are required.
Once granted, an oil and gas lease gives the lessee a primary term ranging from 5 to 10 years, depending on water depth, to explore and develop the lease. A lessee must relinquish the lease if no activity has occurred within that specified amount of time.
While some particularly arid regions allow for disposal via evaporation from large holding pits, most salt water is disposed of at specialty disposal sites where the salt water is injected by way of a disposal well (salt water disposal, or SWD wells) into natural underground formations.
The process of oil and gas production creates millions of gallons of hazardous brine, also known as salt water, every day. This salt water contains various chemicals for extracting impurities out of the oil and gas and has an extremely high salt content, making it dangerous.
The primary term on average is 3 years. Companies can add a 2-year extension if they wish. The company that executed the lease uses this time period to achieve drilling the well. Once that is completed, the secondary term begins and lasts for as long as the well is producing.
At that point, your oil and gas lease is extended beyond the primary term into the secondary term and continues as long as the condition(s) for the existence of the secondary term occurs; e.g., ?and as much longer as oil and gas are produced,? meaning, in this example, that the secondary term will continue as long as ...
The royalty percentage is usually 12.5% to 15% but can change based on regional regulations or negotiations. Types of Leases: There are different types of oil and gas leases, and they affect royalty calculations differently.