West Virginia Surface Use Agreement

State:
Multi-State
Control #:
US-OG-1159
Format:
Word; 
Rich Text
Instant download

Description

This form is a surface use agreement.

The West Virginia Surface Use Agreement is a legal document that governs the utilization and management of the surface area on privately owned land or mineral rights in the state of West Virginia. This agreement is crucial when there is an arrangement between the landowner and an entity that wants to extract or explore for minerals, gas, oil, or any other subsurface materials. The Surface Use Agreement in West Virginia outlines the rights, obligations, and responsibilities of both the landowner and the entity seeking access to the surface land. It serves to protect the rights of the landowner while allowing the extraction company to develop the mineral resources present beneath the surface. Key provisions covered within the West Virginia Surface Use Agreement include: 1. Compensation and Royalties: This section discusses the financial aspects of the agreement, determining how much the landowner will receive as compensation for the use of their surface land and any royalties they are entitled to from the extracted resources. 2. Surface Access and Usage: This part outlines the specific areas of the surface land that the extraction company is permitted to access, constructing infrastructure such as roads, well pads, pipelines, and storage facilities. It also defines the procedures for site reclamation and restoration post-extraction. 3. Environmental and Safety Regulations: The agreement ensures that the extraction company adheres to local, state, and federal laws regarding environmental protection, particularly concerning the disposal of waste, water management, and control of air emissions. It may also include provisions related to safety measures for workers and nearby residents. 4. Indemnification and Liability: This section establishes the responsibilities and liabilities of both parties, clarifying who will bear the costs in case of accidents, damages, or pollution resulting from exploration or extraction activities. There might be different variations or additional clauses to the standard West Virginia Surface Use Agreement, depending on the specific circumstances, resources being extracted, and the negotiating power of the parties involved. These variations may include agreements related to groundwater usage, access and compensation for other natural resources like timber or coal, restrictions on surface activity near residential areas or farms, and preference for hiring local labor, among others. In summary, the West Virginia Surface Use Agreement is a legally binding document used to formalize the terms and conditions under which private surface land can be accessed and utilized for mineral extraction or exploration purposes. It safeguards the rights of landowners while ensuring compliance with environmental and safety regulations.

Free preview
  • Form preview
  • Form preview

How to fill out West Virginia Surface Use Agreement?

It is possible to spend several hours on the Internet looking for the legitimate file web template which fits the state and federal demands you need. US Legal Forms provides thousands of legitimate varieties which are reviewed by experts. It is simple to obtain or print out the West Virginia Surface Use Agreement from our support.

If you already possess a US Legal Forms account, you can log in and click the Download switch. Next, you can comprehensive, modify, print out, or signal the West Virginia Surface Use Agreement. Each and every legitimate file web template you acquire is yours forever. To have one more duplicate of any bought kind, check out the My Forms tab and click the corresponding switch.

If you are using the US Legal Forms web site initially, adhere to the straightforward guidelines below:

  • Initially, be sure that you have selected the best file web template for your area/metropolis that you pick. Read the kind outline to ensure you have picked out the right kind. If accessible, utilize the Preview switch to search through the file web template also.
  • In order to locate one more edition from the kind, utilize the Research area to find the web template that meets your requirements and demands.
  • When you have identified the web template you need, click Acquire now to proceed.
  • Find the costs strategy you need, type your credentials, and sign up for a free account on US Legal Forms.
  • Complete the transaction. You may use your charge card or PayPal account to cover the legitimate kind.
  • Find the formatting from the file and obtain it in your product.
  • Make alterations in your file if required. It is possible to comprehensive, modify and signal and print out West Virginia Surface Use Agreement.

Download and print out thousands of file themes making use of the US Legal Forms Internet site, which offers the greatest variety of legitimate varieties. Use specialist and state-particular themes to take on your organization or personal requirements.

Form popularity

FAQ

The first $20,000 of assessed value of owner-occupied residential property owned by a person age 65 or older or by a person who is permanently and totally disabled is exempt.

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.

Capital gains taxes apply to the sale of mineral rights. If you retain your rights and lease them, therefore earning a royalty on the production, the royalty amount is taxed as regular income. Income tax rates tend to be higher than capital gain tax rates.

Mineral interests in WV are taxed the same as your home. You will pay 60% of the appraised value on the minerals at the levy rate for your county. The value of these minerals in based on WV Code procedures and is the same for all counties in WV. Minerals are taxed at a minimum value until production begins. Oil and Gas Information - Brooke County Assessor's Office wvassessor.com ? OilandGasInfo wvassessor.com ? OilandGasInfo

Mineral rights give ownership, for a specified time, of the underground minerals that do not include sand, limestone, gravel, or subsurface water. If the mineral rights to your property have been sold before you acquired the land, that means you own only the surface rights and cannot use the minerals.

After confirming your legal ownership with an attorney at law, you need to draw up a deed of transfer form in your name and register it with the county records office as the mineral owner. Mineral Rights in West Virginia - Lease, Buy or Sell in WV pheasantenergy.com ? west-virginia-mineral... pheasantenergy.com ? west-virginia-mineral...

Interesting Questions

More info

Please register by filling in the following fields. Once you have registered ... The Provisions Needed by Surface Owners In Surface Use Agreements · Partition ... (1) Exploration for and development of oil and gas reserves in this state must coexist with the use, agricultural or otherwise, of the surface of certain land ...(3) A proposed surface use and compensation agreement containing an offer of ... Use | Email Webmaster Webmaster | © 2023 West Virginia Legislature **** Instruction: Pursuant to W.Va. Code § 22-6A-9, this application is to be used to apply for a Certificate of Approval for a Centralized Impoundment or Pit. Sep 26, 2013 — With an Impoundment Certificate of Approval application, you will include: • Engineered Construction Plans , WV P.E. Certified. • Erosion and ... Work with the team of Rokisky Law to ensure you get the best contract for your oil and gas royalties. When negotiating your surface use rights, we can help. - Free gas-Leases may provide for "free gas" for the surface owner's use. In ... application materials to file comments or objections to the issuance of a permit. TCO can help you obtain the easements and access needed for your Energy operations, including oil and gas, solar farms, wind farms, centralized production ... ... West Virginia (all as further defined below, the “Assets”). B. Each Seller ... the Assets on the terms and under the conditions set forth in this Agreement. Jul 1, 2019 — The first case addresses the extent to which surface lands, the minerals of which have been severed, may be used to drill horizontal wells onto ...

Trusted and secure by over 3 million people of the world’s leading companies

West Virginia Surface Use Agreement