South Dakota Surface Lease for Storing or Transporting Oil and Gas from off Premises is a legal agreement that grants permission to individuals or companies to use surface land owned by a different party for the purpose of storing or transporting oil and gas extracted from another location. This type of lease is essential for the efficient and cost-effective operation of the oil and gas industry in South Dakota. There are several variations of South Dakota Surface Leases that specifically pertain to storing or transporting oil and gas from off premises. These include: 1. Oil Storage Surface Lease: This type of lease allows the lessee to utilize a specific area of land for the construction and operation of oil storage facilities. These facilities are crucial for storing surplus oil extracted from well sites until it can be transported to refineries or other destinations. 2. Gas Storage Surface Lease: Similar to an oil storage lease, this agreement enables the lessee to use a designated portion of land exclusively for constructing and operating gas storage infrastructure. Natural gas extracted from wells is stored in these facilities until its transportation or distribution is required. 3. Pipeline Right-of-Way Lease: This lease governs the construction and use of pipelines on another party's surface land. It grants the lessee the exclusive right to lay, operate, and maintain pipelines for the transportation of oil and gas across the property. Pipeline right-of-way leases are vital for the efficient and safe movement of these resources over long distances. 4. Terminal Surface Lease: A terminal refers to a facility where oil and gas products, such as refined petroleum, are received, stored, and distributed. Terminal surface leases allow the lessee to construct and operate terminal infrastructure on a specific portion of land. These facilities serve as important transportation hubs for the oil and gas industry. Each type of South Dakota Surface Lease provides legal protection to the lessee, ensuring their rights and interests are safeguarded during the storing or transportation of oil and gas. These agreements specify the duration of the lease, permissible activities, environmental regulations, payment terms, and other essential provisions necessary for a smooth and mutually beneficial relationship between the lessee and the landowner. In conclusion, South Dakota Surface Leases for Storing or Transporting Oil and Gas from off Premises encompass various types, including oil storage, gas storage, pipeline right-of-way, and terminal surface leases. These leases serve as crucial mechanisms for facilitating the efficient movement of oil and gas resources, supporting the growth and development of the oil and gas industry in South Dakota.
South Dakota Surface Lease to Allow Storing or Transporting Oil and Gas from off Premises
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FAQ
A clause in an oil & gas lease that provides that if the leased land is later owned by separate parties, such as in a sale of part of the property, the lessee can continue to operate, develop, and treat the lease as a whole and pay royalties to each owner based on its percentage of ownership of the entire area.
A ?special warranty? is a covenant made by the lessor to defend the lessee against encumbrances or clouds on the oil and gas title created by the lessor during his ownership of the estate. The protection offered by this warranty is therefore limited to those title defects caused or created by the lessor himself.
Typical granting clauses include language such as ?oil, gas, and other minerals,?2 ?oil and all gas of whatsoever nature or kind,?3 or some variation of these simplistic descriptions.
in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.
An assignment of oil and gas lease is a contractual agreement between a landowner and an oil or gas company in which the company gains the right to explore for, develop, and produce oil and gas from the property.
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.
A mineral lease is a contractual agreement between the owner of a mineral estate (known as the lessor), and another party such as an oil and gas company (the lessee). The lease gives an oil or gas company the right to explore for and develop the oil and gas deposits in the area described in the lease.
What is the granting clause? The granting clause is the clause under which the owner of the oil and gas rights leases the oil and gas rights to the oil and gas company along with the right to develop the oil and gas on a specifically described piece of real estate.