Form Joint Operating Agreement definition

Form Joint Operating Agreement means one or more joint operating agreements reasonably satisfactory in form and substance to the LINN Debtors, the Required Consenting LINN Creditors, and the Berry Debtors that shall replace the existing agency agreements for the LINN Debtors and Berry and shall contain standard provisions governing the rights and obligations afforded an operator and non-operating working interest owner.
View Source

Examples of Form Joint Operating Agreement in a sentence

  • 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.

  • 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.

  • 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.

  • Governing agreements for this Project will be this Participation and Operating Agreement, the contract operator Model Form Joint Operating Agreement including accounting and misc.

  • 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).

  • A.P.L. Form Joint Operating Agreement has served the industry well, but as the oil industry evolves so must the form.

  • Vaquero shall notify BOG in writing as to whether Vaquero will propose and participate in such operation (a "BOG Proposed Operation") under the terms of the Form Joint Operating Agreement within thirty (30) days of its receipt of notice of BOG's Proposed Operation; provided, however, that in the event that Vaquero fails to notify BOG in writing within such time period Vaquero shall be deemed to have elected not to participate in the BOG Proposed Operation.

  • 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.