Examples of Form Joint Operating Agreement in a sentence
The requested Model Form Joint Operating Agreement employed by the Applicant and proposed to the owners set out in Finding Nos.
American Association of Professional Landmen (AAPL) Form 610-AAPL Form Joint Operating Agreement ▪Since 1956, the AAPL has provided the domestic oil and gas industry with a standardized form of operating agreement governing the development of oil and gas properties.
Company and the Participant recognize that they will be responsible for all of the terms and conditions of the Oil, Gas, and Mineral lease governing the Project well(s) as well as the Model Form Joint Operating Agreement (provided for in a separate document).
The 2002 AIPN Model Form Joint Operating Agreement can be a useful tool, whether used as a base document which is adapted to suit domestic law and conditions or as a source of terminology and clauses to supplement local joint operating agreements or to provide alternatives (eg in the case of impasse) which are accepted by negotiating parties as conforming with generally accepted industry practices.
A.P.L. Form Joint Operating Agreement has served the industry well, but as the oil industry evolves so must the form.
The action arose as an alleged breach of a 1982 Model Form Joint Operating Agreement between Texstar North American, Inc.
Petroleum Landmen (2007) Model Operating Procedures, § 25.02; AMPLA (2011) Model Form Joint Operating Agreement § 4.7. 56 See, e.g., A.A.P.L. Form 610 – Model Form Operating Agreement (2015), Art.
The Applicant plans to drill such well (the “initial well”) to test the Pitkin Formation Formation and any intervening formations for the production of hydrocarbons.3. The requested Model Form Joint Operating Agreement employed by the Applicant and proposed to the owners set out in Finding Nos.
Texas Supreme Court: A “clause in a contract designed to relieve one party of liability to the other for specified injury or loss incurred in the performance of the contract.” This discussion will focus on the clause in the Model Form Joint Operating Agreement, but the concepts apply to other oil patch agreements.
AAPL Form 610-1982 Model Form Joint Operating Agreement dated October 1, 2012, among Republic Energy Operating, LLC, as Operator, and Sancho Oil and Gas Corporation, Republic Energy Ventures, LLC and Republic Partners VIII, LLC, as Non-operators, as amended.