Alberta Surface Lease Agreement

Alberta drilling companies, write up a surface lease with a landowner with this template Alberta Surface Lease Agreement.

• The lease allows the tenant oil company to use the land for exploration, development and production of oil, gas, and related hydrocarbons.
• The Rent section 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.
• The tenant will 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.
• 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.

This Alberta Surface Lease Agreement template is available as a downloadable and fully editable MS Word document.