Each of the royalty owners who signs this instrument agrees to become a party to and be bound by the provisions of the Unit Agreement as if the original of that Agreement had been signed; and, each of the working interest owners who signs this instrument agrees to become a party to and be bound by the provisions of the Unit Agreement and the Unit Operating Agreement.
Alaska Joinder to Unit Operating Agreement and / or Unit Agreement
State:
Multi-State
Control #:
US-OG-731
Format:
Word;
Rich Text
Instant download
Description
Free preview
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FAQ
?Unitization? means the combining or consolidation of separately owned lease interests for joint exploration or development of a reservoir or potential hydrocarbon accumulation under the terms of a Unit Agreement.
A unit agreement entails a BLM-approved agreement to cooperate in all facets of oil and gas production, without regard to lease boundaries and ownership. All unit agreements are subject to Onshore Oil and Gas Operations regulations (43 CFR Part 3160).
A unit agreement entails a BLM-approved agreement to cooperate in all facets of oil and gas production, without regard to lease boundaries and ownership. All unit agreements are subject to Onshore Oil and Gas Operations regulations (43 CFR Part 3160).
A unit purchase agreement, also referred to as a UPA, is the mechanism by which an investor is able to buy units in your company in exchange for equity. As you begin to grow your business, finding investors will become more and more important.
Unit Operating Agreement means any operating or unit agreement to which a Company is a party or by which it is legally or contractually bound governing oil and gas drilling, completion, and other operations and related activities in any Unit.
10 general types of contracts Fixed-price contracts. ... Cost-plus contracts. ... Time & materials contracts. ... Unit pricing contracts. ... Unilateral contracts. ... Bilateral contracts. ... Simple contracts. ... Implied contracts.