1. Oil and Gas Joint Operating AgreementScriven, John
OIL & GAS PARTICIPATION AND OPERATING AGREEMENT MALAKOFF OILFIELD PROJECT, HENDERSON COUNTY, TEXAS filed on October 21st, 2024
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 ...
Paid to the lessor by the lessee, this consideration extends the oil and gas lease terms when there is no operations or production. The payment typically gives the lessee another year, however, if no payment is made and operations cease, the lease is considered abandoned. Density Log: This r...
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’...
(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...
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 and Gas Lawyer Blog — Published by Oil Gas and Mineral Law Attorney — Oil and Gas Lease Lawyer — John McFarland
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...
Also called cushion gas. Base Load Market requirements that remain fairly constant over a period of time that usually are not temperature sensitive. Basis The difference between the price of the actual commodity (e.g. heating oil) and the price of the futures contract. Basis can be calculated...