Blm Communitization Agreement Form

Category:

Oil Gas and Minerals - Pooling and Unitization

State:

Multi-State

Control #:

US-OG-736

Format:

Instant download

Description

The BLM Communitization Agreement Form is a legal document used to establish pooling or communitization of mineral interests in Federal oil and gas leases. It allows parties with shared mineral interests to operate collectively when individual tracts cannot be independently developed. Key features of the form include a plat of the communitized area, designation of the operator, allocation of royalties, and obligations related to well operations. Filling instructions include detailing acreage, ownership percentages, and confirming the effective date. Attorneys and paralegals can utilize this form to streamline the development of mineral resources while ensuring compliance with relevant regulations. Owners and partners benefit by consolidating interests for efficient resource extraction. Associates and legal assistants may assist in the execution and documentation process, confirming all parties' adherence to the agreement's terms.

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