Reservation of Minerals, Geothermal Resources, and Certain Water Rights Clause Samples

Reservation of Minerals, Geothermal Resources, and Certain Water Rights. The Exchange Patent shall reserve to the State, acting by and through the Commissioner, all geothermal resources and all minerals of whatsoever kind in, under or upon the subject State Trust Land, including but not limited to oil and natural gas, helium, carbon dioxide, coal and lignite, uranium, brine, copper, iron, lead, talc, barite, gold and silver, precious and semi-precious stones and jewels, caliche, building stones, shale, clay, sand, gravel and rock for crushing, whether or not now known to exist or to have value, of whatever form or type, at whatever depth, in whatever nature of deposit, whether solid, semi-solid, liquid, or gaseous, whether similar or dissimilar to any of those minerals enumerated, and regardless of the method of extraction, whether by w▇▇▇▇ (including input w▇▇▇▇), mining (including subterranean, open-pit, or strip mines), surface or subsurface leaching, or any other means now or hereafter known or employed, together with all rights of access and surface use necessary for or reasonably incident to exploration for and extraction and removal of the geothermal resources or minerals, the right to execute leases, permits or other agreements for geothermal resource or mineral exploration, development, and operation, the right to sell or dispose of the geothermal resources or minerals, the right to grant rights-of-way or entry and easements for geothermal resource or mineral purposes, the right to prospect for, mine, produce and remove geothermal resources and minerals, and the right to perform any and all acts necessary in connection therewith. The Exchange Patent shall further reserve to the State any and all water rights vested in the State as of the date of sale or exchange which are located on or derived from the subject State Trust Land, any and all water rights appurtenant to or riparian to the subject State Trust Land as of the date of sale or exchange and the right to renew and extend any water easements, water leases or water rights existing as of the date of sale or exchange together with the right to receive the rents and revenues therefrom, together with all rights of access and surface use necessary for or reasonably incident to developing and utilizing such water rights. The Commissioner agrees to lease or otherwise permit B▇▇▇▇▇, or any of its assignees, lessees, grantees, permittees, licensees, affiliates, subsidiaries, or successors in right, title or interest, to the fullest extent permitted by law, to develop such ...