Utah 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.
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FAQ

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 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.

Concerning land ownership and property law, subsurface rights can allow a property owner to discover and utilize anything extracted from underneath a property without interference from a second party. Purchasing both rights for a property is possible.

Surface Right means the right in rem of an individual or a legal entity, which is established for a time period of up to 99 years, to construct a building within public property and to exercise on such building the powers captured by the right of ownership, in ance with Articles 18 to 26 of Law 3986/2011, as in ...

There is no set requirement for what an operating agreement must contain, but it generally governs, at the very least, relations among the members as members and between the members and the company; rights and duties of manager(s); activities and affairs of the company and how they are to be conducted; and how the ...

Waive your rights to surface rights under a mineral lease with this Waiver of Surface Rights form for Texas lands. Surface rights include all rights of ingress and egress, and the right to enter the property for purposes of exploring, developing and extracting oil, gas and/or minerals from the property.

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Utah Surface Use Compensation Agreement