This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
New Jersey Limitation on Substances Covered by Lease
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Multi-State
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US-OG-803
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The Legislature intends by the passage of this act to exercise the powers of this State to control the transfer and storage of hazardous substances and to provide liability for damage sustained within this State as a result of any discharge of said substances, by requiring the prompt containment and removal of such ...
Supreme Court of New Jersey Finds No Statute of Limitations Under The Spill Act. On January 26, 2015, the Supreme Court of New Jersey issued its much awaited decision in Morristown Associates v. Grant Oil Co., et al., __ N.J. __ (2015), rev'g 432 N.J. Super. 287 (App.
Claims can be filed by contacting the Environmental Claims Administration (ECA) at (609) 777-0101 and requesting a Spill Fund claim application by mail or by downloading an application from the EGA website at Claims should be filed by Certified Mail Return Receipt ...
Identify and minimize the risks associated with your information assets. Information security is a fundamental concern for every small and large business in today's highly insecure digital environment.
Petroleum and Petroleum Products (Column A) - The tax rate is currently set at $0.023 for each taxable barrel transferred. Other Hazardous Substances (Column B) - The tax shall be 1.53% of the fair market value of the product.
1 New Jersey's Environ- mental Cleanup Responsibility Act (ECRA) 2 sought to address the state's environmental concerns by placing preconditions on certain business transactions and events which involve real property. ECRA, however, was not well received by business and industry.
In 1976, the New Jersey Legislature enacted the Spill Act, which prohibited the discharge of hazardous substances into the environment and made any person who discharged hazardous substances liable without fault for their cleanup.
Triggering events are specifically enumerated in ISRA, N.J.S.A. K-8 and include the sale of business or property, cessation of operations and bankruptcy. 2. The owner or operator must then conduct a remediation in ance with the Technical Requirements for Site Remediation N.J.A.C.