Pennsylvania Agreement Waiving Surface Use by Oil and Gas Lessee

State:
Multi-State
Control #:
US-OG-655
Format:
Word; 
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Description

This form is used when the Lessor desires to sell, subdivide, or partition all or a part of the lands covered by the Lease (the Lands), and has requested a partial waiver of surface use of certain portions of the Lands subject to the Lease, and a waiver is agreeable to Lessee. This Agreement relates solely to the surface use and does not in any other way affect or diminish the Lessee's rights, interests and estate under the Lease.

The Pennsylvania Agreement Waiving Surface Use by Oil and Gas Lessee is a legal contract that allows the lessee, typically an oil and gas company, to explore and extract natural resources from a property while agreeing not to disturb the surface or use any surface areas for their operations. This agreement is specifically designed to address situations where the property owner wishes to preserve the surface area of their land, such as agricultural or residential properties, while still allowing the lessee to access and extract the oil and gas reserves beneath the surface. There are different types of Pennsylvania Agreement Waiving Surface Use by Oil and Gas Lessee, including: 1. Standard Pennsylvania Agreement Waiving Surface Use: This is the basic agreement that outlines the terms and conditions under which the lessee can access and extract oil and gas reserves without causing any disturbance to the surface areas of the property. 2. Enhanced Pennsylvania Agreement Waiving Surface Use: This type of agreement may include additional provisions, such as stricter regulations on noise levels, dust control measures, or limitations on the timing and duration of the lessee's operations. These provisions are included to further minimize any potential disruption to the property owner and neighboring properties. 3. Customized Pennsylvania Agreement Waiving Surface Use: In some cases, property owners and lessees may negotiate and draft a customized agreement that addresses specific concerns or requirements unique to the property. This may include provisions related to access roads, compensation for damages, or any other mutually agreed-upon terms. The Pennsylvania Agreement Waiving Surface Use by Oil and Gas Lessee is a crucial document in ensuring a balance between conservation and resource extraction. It provides the property owner with assurance that their land will not be significantly impacted while enabling the lessee to tap into the valuable oil and gas reserves beneath the surface.

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FAQ

Mineral rights can be sold in any Pennsylvania county for anything from $500/acre to $5,000+/acre. Isn't that a pretty wide range? The reason for such a range is because the ranges depend on where you are located in Pennsylvania. The cost of your property is heavily influenced by where you are located.

Many landowners signed leases with the statutory minimum royalty of 12.5 percent. This minimum royalty is guaranteed by Pennsylvania's Guaranteed Minimum Royalty Act (GMRA). Pursuant to the GMRA, an oil and gas lease is invalid unless it guarantees the landowner a production royalty of at least 12.5 percent.

Pennsylvania allows property owners to separate the surface rights and the subsurface rights, which are oil, gas or mineral rights. When nothing is done, the property owner owns everything, surface and subsurface rights. The property owner may choose to sell or lease these subsurface rights.

The mineral owner's interest in the spacing unit is calculated by dividing the number of acres owned by the mineral owner within the unit by the total number of acres in the unit (Acres Owned / Total Acres in Unit). This will result in a decimal.

Pennsylvania does not maintain ownership records of mineral properties and county governments often have these records. Therefore, the starting place should often be the County Recorder of Deeds Office. An older mineral deed may or may not be recorded in this office.

On July 11, 2006, the Pennsylvania General Assembly enacted the Dormant Oil and Gas Act. The purpose of the Act is to permit the development of underground oil and gas reserves when all owners of oil or gas interests cannot be located or identified.

Act 13 provides for enhanced environmental protections for the development of unconventional wells and for the collection and imposition of an impact fee for the development of unconventional wells. Operators of conventional gas wells are not subject to the impact fee provisions contained in Act 13.

The general rule of thumb for the value of mineral rights in Texas is 2x to 3x the lease bonus you received. For example, if you got $500/acre when you leased your property, you might expect to sell for somewhere between $1,000 to $1,500/acre if you were to sell mineral rights in Texas.

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This waiver of surface rights template is executed by an oil and gas exploration company, as lessee under an oil and gas lease, to assure a lessor that the ... A Surface Use Agreement can specify what the oil and gas company or operator can and cannot do on a landowner's property.This Agreement relates solely to the surface use and does not in any other way affect or diminish the Lessee's rights, interests and estate under the Lease. Acceptance by the Department of any such payment by other parties shall not waive the Lessee's duty to make timely payments under this Lease or limit the ... No matter the situation though, your signature on their documents is still valuable, and you should be compensated accordingly without giving up any further ... Apr 12, 2023 — All surface developments in Pennsylvania, including solar farms, must accommodate subsurface owners' reasonable use of the surface of the ... Apr 5, 2011 — This is in response to your letter dated March 1, 2011, regarding your Notification of Oil & Gas. Lease for the property owned by Mr. and Mrs. Each form is designed using a MS Word "Fill in the Blank" format. This allows you to quickly make changes, additions and deletions to prepare your documents. By having a qualified person run (ie, examine) title, you may determine whether or not the mineral rights have been severed through a prior mineral conveyance. Mar 9, 2023 — Questions to ask: Is there a surface use and restoration clause in the lease? What are the terms and conditions of the clause? What protections ...

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Pennsylvania Agreement Waiving Surface Use by Oil and Gas Lessee