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.
While there are common elements, each agreement can differ based on the specific situation and parties involved. You might want some custom clauses that suit your unique situation.
If you choose not to sign, the company usually can't use your land for their project. It's your property, and you're the one who gets to decide.
Yes, you can turn it down! If you're not comfortable with the terms or the idea of allowing use of your land, you have every right to say 'no.'
Compensation can depend on a few things, like the size of the land used, the type of activity taking place, and any damage or disruption caused to your property.
It's wise to do your homework! Talk to other landowners and maybe even consult a lawyer or expert in land use to help you negotiate terms that work for you.
If you're letting a company use your land for something like oil drilling or gas extraction, this agreement ensures you're compensated fairly for any impact on your property.
A Surface Use Compensation Agreement is a contract that outlines how landowners and companies share the land for activities like drilling. It helps make sure everyone knows their rights and responsibilities.