Wyoming Underground Storage Lease and Agreement (From Surface Owner with Mineral Interest)

State:
Multi-State
Control #:
US-OG-1180
Format:
Word; 
Rich Text
Instant download

Description

This form is an underground storage lease and agreement from surface owner with mineral interest.
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  • Preview Underground Storage Lease and Agreement (From Surface Owner with Mineral Interest)
  • Preview Underground Storage Lease and Agreement (From Surface Owner with Mineral Interest)
  • Preview Underground Storage Lease and Agreement (From Surface Owner with Mineral Interest)
  • Preview Underground Storage Lease and Agreement (From Surface Owner with Mineral Interest)
  • Preview Underground Storage Lease and Agreement (From Surface Owner with Mineral Interest)
  • Preview Underground Storage Lease and Agreement (From Surface Owner with Mineral Interest)
  • Preview Underground Storage Lease and Agreement (From Surface Owner with Mineral Interest)

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FAQ

Nine major federal agencies own land within the state of Wyoming. The vast majority (99.9 percent) is owned by the federal resource management agencies within the Departments of Agriculture and Interior. (See table 1 for an accounting of total federal lands in Wyoming.)

Mineral interests can be owned by private landowners, private companies, or federal, state or local governments. Sorting these rights are a large part of mineral exploration. A brief outline of rights and responsibilities of parties involved can be found here.

In the United States, landowners possess both surface and mineral rights unless they choose to sell the mineral rights to someone else. Once mineral rights have been sold, the original owner retains only the rights to the land surface, while the second party may exploit the underground resources in any way they choose.

The fact that mineral rights can be privately owned in the United States means that homeowners with rights to valuable resources on their property can sell those mineral rights to private corporations, sometimes generating substantial up-front or ongoing royalty payments by doing so.

If it has ?Coal and other minerals reserved to U.S.? then the government owns the rights including sand, gravel, and others. If not listed, the mineral rights may belong to the landowner; however, mineral rights are usually accompanied by a court-recorded ?mineral title opinion? to be valid.

Landowners should consider consulting with a local mineral rights expert when it comes to reviewing the quality of a lease offer to determine if it is mutually beneficial- LandGate can refer mineral owners to a local expert. There are many factors that influence the calculation of mineral worth.

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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Wyoming Underground Storage Lease and Agreement (From Surface Owner with Mineral Interest)