Farmout Agreement definition

Farmout Agreement means any farmout agreement, participation agreement, exploration agreement, development agreement or any similar agreement.
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Farmout Agreement means a contractual agreement between parties whereby the holder of an interest in an oil and gas concession agrees to assign all or part of that interest to another entity in exchange for fulfilling contractually specified conditions.
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Farmout Agreement means, with respect to a Farmout, the agreement or agreements governing such Farmout.
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Examples of Farmout Agreement in a sentence

  • Pursuant to the EIIC/RA Farmout Agreement, EIIC has earned a 87.5% working interest in 660 acres (“660 Acre Lands”) as a result of drilling a 2,400 foot horizontal well called El Indio #1H.

  • Pursuant to the terms of a farmout and joint operating agreement dated May 1, 2002 (the "Farmout Agreement") between Patch, True Energy Inc.

  • In December 2003, the Company entered into a Farmout Agreement (the "Agreement") with Northern Dynasty Minerals Ltd.

  • In connection with Assignor entering into any Farmout Agreement as a farmor, Assignee shall, upon request of Assignor, execute, acknowledge and deliver to Assignor a recordable instrument (reasonably acceptable to Assignor) that releases the Royalty Interest and this Conveyance with respect to the Subject Interests being transferred pursuant to such Farmout Agreement; provided, the Royalty Interest shall still burden the Subject Interest retained by Assignor.

  • In connection with Assignor entering into any Farmout Agreement, Assignee shall, upon request of Assignor, execute, acknowledge and deliver to Assignor a recordable instrument (reasonably acceptable to Assignor) that releases the Royalty Interest and this Conveyance with respect to the Subject Interests being transferred pursuant to such Farmout Agreement; provided, the Royalty Interest shall still burden the Subject Interest retained by Assignor.


More Definitions of Farmout Agreement

Farmout Agreement means the farmout agreement dated February 25, 2005 (as amended) between Surge U.S., the Corporation, Deep Well and Northern, whereby the Corporation has a right to earn a 40% working interest in the Farmout Lands;
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Farmout Agreement means that certain letter agreement, dated September 19, 1997, among JEDI, JEDI I Partnership and GGP.
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Farmout Agreement means that certain letter agreement re: Xxxxxxx-Xxxxxxxxxx Field Caddo and DeSoto Parishes Louisiana, dated June 10, 2003, among Xxxxxxxxx Energy Corporation, Xxxxxxxxx Energy Limited Partnership, and Borrower, as the same may from time to time be amended, modified, supplemented or restated.
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Farmout Agreement means that certain Farmout Agreement by Inland Production Company and Inland Resources Inc. as Farmor, Smitx Xxxagement LLC as Farmee, and Inland Production Company as Operator dated as of June 1, 1998.
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Farmout Agreement means that certain Farmout Agreement dated July 31, 2010 by and between SK Energy Co, Ltd. and BVI Sub.
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Farmout Agreement means the agreement between EnerMad Corp. and Niko Resources (Overseas VIII) Limited to assign and transfer rights and obligations under the PSC for the Madagascar Block effective October 20, 2008;
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Farmout Agreement means that certain Farmout Agreement dated as of June 1, 1998 between IPC, the Issuer and Xxxxx Management, LLC, as assigned to Xxxxx Energy Partnership effective October 1, 1998 and as amended by Amendment No. One dated as of November 25, 1998.
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