Mineral Extraction Clause Samples
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Mineral Extraction. The exploration, production or extraction of oil, gas, hydrocarbons or petroleum are permitted on the Property. Exploration, production, extraction, quarrying, or any other removal of material which depletes the land surface or subsurface, including without limitation, the removal of topsoil, sand, gravel, rock and peat, is prohibited, except as expressly permitted under Paragraphs 5(I) or 5(J) of this Conservation Easement. [Note to Drafter: this is not proper language for a bargain sale easement where the owner intends to take a tax deduction.]
Mineral Extraction. That neither Grantor nor any successor in interest to Grantor in the Property shall drill or extract or enter into any lease for the drilling or extraction of oil, gas, or other hydrocarbon substances on the Property without the prior written consent of Beneficiary. Drilling for extraction of other minerals of any kind or character from the Property or from any part thereof will not require such prior written or other consent from the Beneficiary; provided, however, that this Section 1.14 shall not prohibit the exercise of rights, existing as of the date hereof and disclosed on the title reports provided to Beneficiary, of parties other than Grantor, to develop, bore, or mine for any water, gas, oil, or mineral on or under the surface of the Property; and provided further, that in the exercise of any rights permitted to it hereunder with or without Beneficiary’s prior written consent, Grantor, or its contractors and assigns, shall use all commercially reasonable efforts to preserve or realize the value of any timber that shall be impacted by such activities.
Mineral Extraction. There shall be no exploration, development, production, extraction, or transportation of oil, gas or other mineral substances (whether such other mineral substances be part of the mineral estate or part of the surface estate) on, from, or across the Property (“Mineral Activities”) except in accordance with this Section; provided, however, that this Section does not apply to water, which is addressed elsewhere in this Conservation Easement.
Mineral Extraction. Mining or extraction of soil, sand, gravel, oil, natural gas, or other mineral is prohibited. If a third party owns or leases the oil, natural gas, or any other mineral substance at the time this ALE is executed, and their interests have not been subordinated to this ALE, the Grantor must require, to the greatest extent possible, that any oil, natural gas, and mineral exploration and extraction conducted by such third party is conducted in accordance with this paragraph (6)(I).
Mineral Extraction