Arkansas Exploration Agreement

State:
Multi-State
Control #:
US-OG-215
Format:
Word; 
Rich Text
Instant download

Description

This form is used when two parties are interested in conducting joint exploration operations, including the drilling of exploratory or development wells, for the discovery of and for the production of oil and/or gas in a stated area.
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FAQ

EXPLORATION COMPANIES means those organisations, corporations, partnerships, trusts or other entities which have a contractual agreement between them to explore, lease or develop areas of interest and are not joining simply to acquire geophysical data for their individual use.

An exploration agreement is a contract that legally unites two interested parties toward a common goal or project contingent on certain terms. For example, two oil and gas companies might agree to work together to explore and develop a plot of land for natural resources.

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Arkansas Exploration Agreement