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Get Blm Communitization Agreement
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How to fill out the Blm Communitization Agreement online
Filling out the Blm Communitization Agreement is a vital process for parties seeking to pool their oil and gas interests. This guide provides clear and supportive instructions to help users complete the agreement efficiently and accurately online.
Follow the steps to complete the Blm Communitization Agreement online.
- Click the ‘Get Form’ button to obtain the Blm Communitization Agreement and open it in the online form editor.
- Begin by entering the contract number in the designated field. This number is crucial for identifying your specific agreement.
- In Section 1, describe the lands that are part of the communitized area. Include details such as township, range, and the total acreage covered by the agreement.
- Attach Exhibit B to the agreement, which should designate the operator of the communitized area and detail the ownership interests and acreage involved.
- Complete the fields related to the well operations, ensuring that all details regarding the operation and production of communitized substances are addressed.
- Verify the section regarding the allocation and sharing of produced substances, ensuring that it conforms to the agreement terms.
- Review all obligations under the agreement, including the responsibilities of the operator and the provisions for royalties and rental payments.
- Final checks should include the commencement date for the agreement, ensuring it aligns with the terms stated in Section 10.
- Once all fields are completed, save your changes in the online editor. You can then choose to download, print, or share the completed agreement as necessary.
Start completing your Blm Communitization Agreement online today!
Under communitization agreements (also called drilling agreements), operators who cannot independently develop separate tracts due to well-spacing or well development programs may cooperatively develop such tracts.
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