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  • Surface Owner's Release for Settlement of Surface Damages Resulting...

Oklahoma Surface Owner's Release for Settlement of Surface Damages Resulting from Drilling Operations

Category:
Oil Gas and Minerals - Releases
State:
Multi-State
Control #:
US-OG-405
Format:
Word; 
Rich Text
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Description

This release is used when a Surface Owner releases and discharges, in full, a Lessee, its officers, agents, contractors, subcontractors, employees, successors, and assigns, from any and all claims, demands, or causes of action caused by or arising from any injuries or damages of whatever kind or character sustained by the Surface Owner personally, or to the property or lands of the Surface Owner, whether now apparent and known to the Surface Owner.

The Oklahoma Surface Owner's Release for Settlement of Surface Damages Resulting from Drilling Operations is a legal document that addresses the compensation and settlement of surface damages caused by drilling activities in the state of Oklahoma. This release is specifically designed to protect surface owners' rights and interests when it comes to potential damages caused by oil and gas drilling operations. It outlines the terms and conditions for reaching a settlement agreement between the surface owner and the drilling operator, ensuring fair compensation for any damages incurred. Different types of Oklahoma Surface Owner's Release for Settlement of Surface Damages Resulting from Drilling Operations may include: 1. General Release: This type of release is used for a one-time settlement of surface damages resulting from drilling operations. It covers a specific incident or time period and provides compensation for all damages caused during that period. 2. Partial Release: In certain cases, the surface owner may opt for a partial release, which allows for settlement of specific damages while reserving the right to seek compensation for remaining or future damages. This type of release is often chosen when the full extent of damages is not yet known or when ongoing drilling activities could potentially cause additional damages in the future. 3. Full and Final Release: A full and final release is commonly employed when the surface owner wants to completely release the drilling operator from any liability or claims for damages resulting from drilling operations. This type of release offers a comprehensive settlement, ensuring that no further claims can be made in the future. 4. Limited Release: In some instances, a limited release may be used to settle only a specific category of damages, such as damages to infrastructure or agricultural land. This type of release allows the surface owner to seek compensation for other types of damages separately, if necessary. When entering into an Oklahoma Surface Owner's Release for Settlement of Surface Damages Resulting from Drilling Operations, it is crucial for both parties to carefully review and understand the terms and conditions outlined in the document. Seeking legal advice is recommended to ensure that the surface owner receives fair compensation and that their rights are adequately protected.

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How to fill out Oklahoma Surface Owner's Release For Settlement Of Surface Damages Resulting From Drilling Operations?

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FAQ

The Oklahoma Surface Damage Act guides interactions and negotiations between land surface owners and the oil companies and others who have the mineral rights. In the state, and elsewhere throughout the U.S., the owners of land parcels do not always also have ownership of what may lay below the surface.

In Oklahoma, there are two major categories of land rights: surface rights and mineral rights. Surface rights are rights attached to the surface of the land. With surface rights, you have access to and the ability to build or otherwise use the surface of the land. Mineral rights are sub-surface rights.

In Oklahoma, there are two major categories of land rights: surface rights and mineral rights. Surface rights are rights attached to the surface of the land. With surface rights, you have access to and the ability to build or otherwise use the surface of the land. Mineral rights are sub-surface rights.

Surface rights refer to the legal rights and privileges associated with the use, control, and ownership of the surface of a piece of land or property. These rights typically include the ability to occupy, build, develop, and make use of the land's surface for various purposes.

In Oklahoma, it is against the law to maliciously injure, deface or destroy another person's real or personal property. It is considered a misdemeanor if the amount of damage is valued at less than $1000, and a felony if the damage is valued at $1000 or more.

Surface damage means the removal of, mechanical disturbance to, or introduction of hazardous materials to, the ground surface, vegetation, or soils in a given location.

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by PE Pyron · 1982 · Cited by 3 — "Surface owner" means the owner or owners of record of the surface of the property on which the drilling operation is to occur. Section 2. Notice of intent to ... Edit, sign, and share Surface Owner's Release for Settlement of Surface Damages Resulting from Drilling Operations online. No need to install software, ...How to fill out Surface Owner's Release For Settlement Of Surface Damages Resulting From Drilling Operations? · Be sure the document meets all the necessary ... In Oklahoma – Mineral owners must negotiate a written contract with the surface owner for the payment of any damages that may be caused by a drilling operation. by RM Honea · 2003 — owner was entitled to make reasonable use of the surface, and was not responsible for compensating the surface owner for any resulting damages. Conversely ... 1 Apr 2023 — Revolution agrees that in drilling, completing, operating, or reworking the Wells, it shall not frack or utilize any similar stimulation or ... given surface owners prior to commencement of drilling operations? 226.37 How much of the ... damages as described in § 226.40, occasioned by the drilling and ... by CS Kulander · 2009 · Cited by 21 — The surface owner is entitled to reasonable compensation from the mineral producer for damages caused by the drilling operations.116. The surface owner ... 13 Jan 2023 — ... owner's right to the settlement of surface damages under §§ 226.82 ... A settlement covering the actual surface damages resulting from drilling ... The Oklahoma Surface Damage Act guides interactions and negotiations between land surface owners and the oil companies and others who have the mineral rights.

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