Oregon Surface Use Compensation Agreement

State:
Multi-State
Control #:
US-OG-146
Format:
Word; 
Rich Text
Instant download

Description

This Agreement contemplates the lessor in an oil and gas lease is also the surface owner. It provides for the lessee to pay specific sums for each enumerated activity the lessee conducts on the land covered by the oil and gas lease and this Agreement.

Oregon Surface Use Compensation Agreement, also known as the Oregon Surface Use Agreement (SUA), is a legally binding arrangement that governs the use, development, and compensation related to surface rights on private lands for the exploration and extraction of minerals, oil, and gas. It provides a framework to ensure that the rights of both surface owners and operators, such as mining companies or energy corporations, are protected and fairly compensated. The Oregon Surface Use Compensation Agreement serves as a crucial document that outlines the terms and conditions for access to private lands, specifying the operator's responsibilities and obligations towards the surface owner. It addresses various aspects, including land preparation, drilling operations, transportation, environmental protection, reclamation plans, liability provisions, insurance requirements, and financial compensation. Different types of Oregon Surface Use Compensation Agreements exist based on the specific mineral or energy resource being extracted. Some common types include: 1. Oregon Mining Surface Use Compensation Agreement: This agreement governs the use of private lands for surface mining activities, including the extraction of various minerals such as gold, silver, copper, zinc, limestone, and gravel. It outlines the scope of mining operations and the compensation structure for the surface owner. 2. Oregon Oil and Gas Surface Use Compensation Agreement: This type of agreement applies to the exploration and production of oil and gas resources on private lands. It addresses issues related to drilling, fracking, extraction, the installation of infrastructure, and the compensation mechanisms for the surface owner. 3. Oregon Geothermal Surface Use Compensation Agreement: Geothermal surface agreements pertain to the exploration and utilization of heat energy from the earth's core for electricity generation or direct heating purposes. It covers the installation of geothermal power plants, access to hot water resources, and compensation arrangements for the surface owner. 4. Oregon Wind Energy Surface Use Compensation Agreement: With the increasing popularity of wind farms, this agreement regulates the utilization of private lands for wind energy production. It covers the installation of wind turbines, access roads, transmission lines, noise mitigation, environmental impact assessments, and compensation arrangements for the surface owner. Each type of agreement is tailored to the specific industry, resource, and potential impacts associated with the extraction or utilization of that resource. It aims to strike a balance between economic development and protecting the rights and interests of private landowners.

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FAQ

To start an LLC in Oregon, you'll need to choose an Oregon registered agent, file business formation paperwork with the Oregon Secretary of State's Corporations Division, and pay a $100 state filing fee.

All LLCs in Oregon must file an Annual Report. You should file this report on the anniversary of your LLC's formation. When you file your report, you will also need to pay a $100 filing fee. The state taxes that your company must pay will depend on the taxable income you earn in Oregon.

Common pitfalls of a poorly drafted Operating Agreement include failing to: (i) specify what authority managers or members have; (ii) carve out key decisions that require a higher approval threshold (e.g., dissolution, sale of all or substantially all of the assets of the LLC, etc.); (iii) address how deadlocks in the ...

The state of Oregon does not require an LLC to have an operating agreement. Nonetheless, it is highly advisable that an LLC create this document because it can protect its members from being held personally liable if it is sued.

Although most states do not require the creation of an operating agreement, it is nonetheless regarded as a critical document that should be included when forming a limited liability company. Once each member (owner) signs the document, it becomes a legally binding set of regulations that must be followed.

A surface use agreement, which is also sometimes referred to as a land use agreement, is an agreement between the landowner and an oil and gas company or an operator for the use of the landowner's land in the development of the oil and gas.

More info

If available preview it and read the description prior to buying it. Press Buy Now. Select the suitable subscription to meet your needs. Create your account. A surface use agreement is a legal document that outlines the specific terms and conditions of the lease.Mar 13, 2023 — During the meeting the Permitting Lead will review application requirements and proposed surface mine plans, answer questions, and provide ... Easements require a one-time compensation to the Department of State Lands at the time of issuance of the easement. ​​. Short-term access. ​Used for short ... For each water use control or measuring device installation, a separate form must be filled out completely for each appropriator and submitted in duplicate to ... (6) “Annual Lease Compensation” means the amount of compensation a lessee pays to the Department for the use of an authorized area. (7) “Applicant” is any ... (2) “Completion” means termination of surface mining activities including reclamation of the surface-mined land in accordance with the approved reclamation plan ... 274.220 Application for drainage and reclamation of lands. (1) Any person desiring to enter into a contract to drain submersible and submerged lands under ORS ... Oregon law requires that an agreement authorizing or employing a broker to sell real estate for compensation or commission be in writing. Such agreements are ... A water right is authorization from the state to make use of water—either surface water or ground water. Since 1909, state law has required issuance of a water ...

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Oregon Surface Use Compensation Agreement