1. Oil and Gas Joint Operating AgreementScriven, John
Fiduciary obligations and joint ventures : the collaborative fiduciary relationship The joint operating agreement is a commercial contract extensively used in oil and gas joint ventures, where one co-venturer manages the venture under the supervision of the other co-venturers. The English courts have ...
s approval, may assume or reject any executory contract or unexpired lease of the debtor.” On the face of the statute, it would appear an oil and gas lease may be rejected in bankruptcy as an “unexpired lease.” However, as one court has held, “[t]he term ‘oil and gas lease’...
Piranha Partners v. Neuhoff and Posse Energy, Ltd. v. Parsley Energy, LP: Interpreting Assignments with Ambiguous Exhibits Title examiners often come across an assignment of oil and gas leases which contains inconsistencies between the granting language in the body of the assignment and the property...
Oil & Gas Mineral RightsOption Agreement, Contract Agreement, and Oil, Gas, and MineralLease Agreements Oil, Gas, and Mineral Rights Option Agreement Sample Oil & Gas Option Agreements are typically used as a means of a "hedge" against competitors and pricing so that you can option the proper...
(e.g. stakeholder, community, environment, regulatory, safety-related) Commercial (63%) (e.g. cost or contract-related) Technical (21%) Frequency by Delay Type Source: ERM, 2012, Understanding the business case for sustainable development Oil and gas operators have real v alue at risk from...
Minneapolis-based Northern Oil and Gas said last week it agreed to acquire assets in Upton County in Permian Basin from one of its private operating partners for $40 million. The assets include about 2,275 net acres in Midland Basin. NOG said it has a multi-year joint development agreement...
Oil & Gas European fossil fuels consumption falls below 70% for ‘first time since industrial revolution’ – EI Statistical Review 20/06/2024 ByMark Selby Dependence on fossil fuels in major advanced economies “is likely to have peaked” according to the Energy Institute (EI), after European...
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3.2 How are the State’s mineral rights to develop oil and natural gas reserves transferred to investors or companies (“participants”) (e.g., licence, concession, service contract, contractual rights under Production Sharing Agreement?) and what is the legal status of those rights or interests...