Pennsylvania Permit Agreement for Surface

State:
Multi-State
Control #:
US-OG-686
Format:
Word; 
Rich Text
Instant download

Description

This is an agreement where the Owner represents and warrants present ownership of an undivided possessory surface interest in and to the described lands. Owner grants to Operator the right, for a term, to conduct any and all operations undertaken in connection with the exploration for oil, gas and/or other minerals on, across, and/or through the described Lands.

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FAQ

Also known as a mineral estate, mineral rights are just what their name implies: The right of the owner to utilize minerals found below the surface of property. Besides minerals, these rights can apply to oil and gas. Interestingly, mineral rights can be separate from actual land ownership.

Surface rights, on the other hand, gives the right to access the surface of a property for residential, commercial, agricultural and other purposes. With these rights, you can exploit the surface of their property to its fullest.

Fee Simple ownership represents the absolute ownership of all aspects of a property for an indefinite period of time. The fee owner owns both the surface and the mineral rights below ground. As such, fee simple owners have the rights to grant mineral or oil and gas leases.

You may get anywhere from $250/acre to $2,500+/acre just depending on your specific location. With the oil and gas market still trying to find the real price of oil, there are still a lot of buyers in the market interested in picking up mineral rights.

Mining permits are reviewed and issued from the respective District Mining Office for where the site is located. Application forms can be found on DEP's eLibrary under the Permit and Authorization Packages ? Mining Programs. All applications can be submitted through the OnBase digital upload.

In surface mining, large machines remove the topsoil and layers of rock known as overburden to expose coal seams. Mountaintop removal is a form of surface mining where the tops of mountains are removed to access coal seams.

Whether you have an offer on the table or not, you may have good reasons to sell your mineral rights: To pursue other opportunities. If you have a nonproducing property, you might have to wait years for anything to happen ? and nothing may ever happen, even after multiple leases.

The primary methods of surface coal mining used in Pennsylvania are: Strip Mining: Layers of soil and rock overburden are removed the coal exposed coal seam is excavated. The area is then backfilled, regraded, and replanted during the reclamation process.

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Pennsylvania Permit Agreement for Surface