Virginia 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.

Virginia Surface Use Compensation Agreement is a legally binding document that governs the rights and responsibilities between a surface owner and a company seeking to access and use the surface owner's land for various activities such as oil and gas exploration, mining, or construction. This agreement ensures that the surface owner is duly compensated for any inconveniences, damages, or restrictions caused by the company's activities on the land. The primary purpose of a Virginia Surface Use Compensation Agreement is to establish clear guidelines regarding the terms of compensation and use of the surface owner's property. The agreement typically includes detailed provisions related to access rights, compensation methods, environmental protection, and dispute resolution mechanisms. Different types of Virginia Surface Use Compensation Agreements may exist depending on the specific industry or activity. Some common types include: 1. Oil and Gas Surface Use Compensation Agreement: This type of agreement is typically entered into between an oil or gas company and a surface owner. It outlines the terms regarding the use of the land for drilling, extracting, and transporting oil or gas. Compensation may be based on factors such as acreage, well production, or royalty rates. 2. Mining Surface Use Compensation Agreement: A mining company and a surface owner may enter into this agreement to allow mining operations on the land. It delineates the rights of the mining company, which may include excavation, blasting, and transportation of minerals. Compensation terms may be based on the amount of minerals extracted or other negotiated arrangements. 3. Construction Surface Use Compensation Agreement: Construction companies often require access to private land for projects such as building roads, pipelines, or utility infrastructure. This agreement provides details on the scope of construction activities, the timeline, and the compensation structure for land usage. Regardless of the type of Virginia Surface Use Compensation Agreement, key elements often addressed include the duration of the agreement, right of access, obligations to restore the land after completion, indemnification clauses, insurance requirements, and provisions for resolving disputes. It is important for both surface owners and companies seeking land usage to carefully review and negotiate the terms of the Virginia Surface Use Compensation Agreement to ensure their rights are protected and fair compensation is provided for the use of the land.

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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.

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 ...

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.

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.

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.

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8 May 2019 — This contract outlines the rights, duties, and obligations by both the landowner and operator including things like the size of the surface ... A surface use agreement is a legal document that outlines the specific terms and conditions of the lease.by T Righetti · 2018 · Cited by 17 — Part II explores the rebalancing of power effectuated by split estate acts and statutory requirements to contract for surface damages in both. ... the right to seek compensation for damages to your land caused by the drilling pursuant to the Surface Owners Damage Compensation Act in West Virginia law. (b) An oil and gas developer shall be entitled to offset compensation agreed to be paid or awarded to a surface owner under section three of this article ... ... agreement relating to surface use or improvement or damages. COMMENT. In Section 6(i) the Act recognizes expansion of or limitations on the surface access ... When required, compensation for unavoidable impacts is provided in accordance with § 62.1-44.15:23 of the Code of Virginia, 9VAC25-690-70, and 9VAC25-210-116. B ... by CT BOARD · 2023 — Agreement with the Federal Highway Administration (FHWA) for a Surface ... Virginia's program allows the use of different types of mileage ... 5 Jun 2019 — The purpose of this article is to help you, if you want to, to get an agreement that provides needed protections and that pays you what the use ... by JS Lowe · 1993 — If the companies and surface owners cannot reach an agreement, the developer has the right to proceed to develop, and damages are resolved by litigation or ...

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Virginia Surface Use Compensation Agreement