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.
A New York Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a legal agreement between the landowner and an oil and gas company, granting them the right to explore, extract, and produce oil and gas resources from a property in New York State. This lease type explicitly prohibits any surface disturbance or occupancy, ensuring minimal disruption to the landowner's property. The New York Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B offers several benefits to both parties involved. For the landowner, it provides the opportunity to monetize their property without any physical disturbances or surface damage. This lease type also safeguards the landowner from potential environmental hazards and reduces the inconvenience associated with traditional oil and gas extraction methods. At the same time, the oil and gas company benefits greatly from this lease arrangement. It grants them access to valuable oil and gas reserves in New York while eliminating the need for any surface-level infrastructure, such as drilling rigs, storage tanks, or access roads. By utilizing underground drilling techniques, the company can extract resources efficiently without negatively impacting the landowner's property. While the New York Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a specific lease type, it's worth noting that there may be variations or additional forms associated with similar agreements. For example, there could be different variations of the lease based on specific clauses and conditions included in the document. Moreover, there might be alternative lease options available, such as leases that allow for limited surface occupancy, which could involve specific instances of infrastructure installation or maintenance. In summary, the New York Oil and Gas Lease — No SurfacOccupancync— - Rocky Mountain Paid Up — Form B is a valuable legal agreement that enables oil and gas companies to extract resources while preserving the surface integrity of the landowner's property. This lease type ensures a mutually beneficial relationship between the involved parties, balancing resource extraction with environmental conservation and property rights.
