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.
Utah Agreement Waiving Surface Use by Oil and Gas Lessee
State:
Multi-State
Control #:
US-OG-655
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Agreement Waiving Surface Use By Oil And Gas Lessee?
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FAQ
Nearly all offshore oil and natural gas leasing and development activity currently occurs in the central and western Gulf of Mexico, where thousands of platforms operate in waters up to 6,000 feet deep. A few platforms operate in depths of 10,000 feet or more.
Utah's oil sands are made up of several different deposits all consisting of different amounts of heavy or crude oil. These sites are mostly found on public lands. They are mainly close together and many are found within the Uintah Basin of Utah, which is a section of the Colorado Plateaus province.
Utah Inland Rig Count is at a current level of 13.00, down from 14.00 last week and up from 12.00 one year ago. This is a change of -7.14% from last week and 8.33% from one year ago.
The Utah Surface Owner Protection Act of 2012 was designed to balance the rights of the surface owner with the rights of oil and gas companies seeking mineral rights on private property. This act includes: Fully detailing the use and reclamation of land, including compensation for surface damage.
Utah's natural gas fuels not only homes and businesses in Utah; it also is used by surrounding states. Utah also produces a significant amount of crude oil, primarily from the Uintah Basin in the eastern part of the state.
Utah produces oil from eight major ?plays? within these provinces, where a play is defined by the U.S. Geological Survey as a set of known or postulated oil accumulations sharing similar geologic, geographic, and temporal properties such as hydrocarbon-generating source rocks, oil migration pathways, trapping ...
Utah has the fourth-highest number of producing oil and natural gas leases on federal lands, after Wyoming, New Mexico, and Colorado.