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Alberta Surface Lease Agreement
Prepare a surface lease agreement for oil and gas assets on rural farm land with this downloadable template lease form for lands located in the Province of Alberta.
- Parties. The agreement is between the landowner and the oil company which will extract the resources.
- Use of Land. The lease allows the oil company to use the land for exploration, development and production of oil, gas, and related hydrocarbons.
- Rent. The agreement breaks down the first year's rent and annual rent to show how compensation is allocated for market value (first year), loss of use, adverse effect, general disturbance (first year), and additional wells.
- Maintenance of the Land. The oil company agrees to apply good soil conservation practices to strip, conserve and restore the topsoil, and will construct proper sludge pits and dispose of the sludge in accordance with the laws.
- Surrender. The drilling company has the right to surrender and terminate all or a portion of the leased lands at any time, on proper notice, but will not receive a refund of any rent paid in advance.
- Governing Laws. The agreement is intended for use in the Province of Alberta.
- How to Get the Form. Add the Alberta Surface Lease Agreement to your shopping cart and check out. When your payment has gone through, you can download the digital template to your PC, laptop or tablet.
$29.99
Alberta Offer to Purchase Interest in Crown Leases
Use this downloadable template to make an offer to purchase an interest in crown leases in the Province of Alberta.
- Allocation of Purchase Price. The offer details how the purchase price will be allocated between petroleum and natural gas rights, tangibles, and miscellaneous interests.
- Interest Calculations. This sample offer letter includes two interest clauses - one for no interest, and one for interest to be calculated from the effective date to the date before closing.
- Formal Agreement. If accepted, the offeror will prepare a formal purchase and sale agreement.
- Conditions Precedent. The offer is subject to:
- the offeror performing a satisfactory due diligence review of all books, files, records, and contracts;
- the offeror receiving all necessary regulatory approvals;
- a satisfactory environmental audit by the offeror;
- the vendor being satisfied that Alberta Energy will approve the transfer.
- Jurisdiction. The offer form is written to be used in the Province of Alberta but can be modified for use in other Canadian provinces.
- How to Get the Form. You can download the MS Word template immediately after purchasing it.
$14.99
Alberta Offer to Sell Interest in Crown Leases
Sell your interest in certain crown leases with this template form for Alberta oil and gas assets.
- Allocation of Purchase Price. The offer sets out how the purchase price will be allocated between petroleum and natural gas rights, tangibles, and miscellaneous interests.
- Calculation of Interest. The template contains two interest clauses - one if interest is being calculated, and one if no interest is payable.
- Acceptance. If accepted, the offeror will prepare a formal purchase and sale agreement.
- Conditions Precedent:
- The offer is subject to the purchaser performing a satisfactory due diligence review of all books, files, records, and contracts.
- The transaction is subject to the purchaser receiving all necessary regulatory approvals for the sale.
- The offer is also conditional upon the purchaser conducting a satisfactory environmental audit.
- The transaction is subject to the vendor being satisfied that Alberta Energy will approve the transfer.
- Environmental Liability. The purchaser will assume all environmental liabilities.
- Jurisdiction. The offer is written with the intention of being used within the Province of Alberta. However, it can be modified for use in other provinces of Canada.
$14.99