SURFACE LEASE AGREEMENTS
Surface Lease Agreements are legal contracts between oil & gas companies and the Landowners that grant the company’s use of their property surface.
Surface Lease Agreements relate to proposed surface operations and surface installations on a Landowner’s property. Surface Lease Agreements may involve the construction of a well site, pad site, above-ground pipelines, meter stations, roadways, buildings, or any other surface operation or installation proposed on a Landowner’s property.
Surface Lease Agreements are presented to Landowners and drafted by oil & gas companies to maximize the benefits to the company. These are negotiable documents and must be carefully examined and amended to benefit and protect the Landowner. Effective Surface Lease Agreement negotiations protect the Landowner and provide conditions and terms to the company, eliminating any future surprises.
As with all agreements, the Landowner must fully understand the details and effectively evaluate their options and negotiation leverage. If you are presented a Surface Lease Agreement by an oil & gas company, contact Section 25 Management Ltd.
Every Landowner must seize the opportunity to negotiate the best possible agreement for their oil & gas related assets.
A strong and skillfully drafted Addendum will maximize all compensation opportunities for the current date and well into the future. A robust Addendum will also protect the Landowner’s right for the lifetime of the agreement. A Landowner should not sign any agreement until they fully understand all of the terms contained within. Signing should only occur once a Landowner has made an informed decision that the terms and negotiated Addendum are sufficient to address or outweigh their concerns.