Arkansas Notice of Joint Operating Agreement

State:
Multi-State
Control #:
US-OG-771
Format:
Word; 
Rich Text
Instant download

Description

This form is used when notice is being executed and recorded for the purpose of giving notice to third parties dealing with Operator and Nonoperators of the existence of an Operating Agreement and perfecting the liens and interests set forth in that Agreement.

Arkansas Notice of Joint Operating Agreement is a legal document that serves as an official notice of the agreement between two or more parties to jointly operate a business or venture in the state of Arkansas. This agreement outlines the specific terms and conditions that govern the relationship, responsibilities, and liabilities of the parties involved in the joint operation. Keywords: Arkansas, Notice, Joint Operating Agreement, legal document, agreement, parties, jointly operate, business, venture, state of Arkansas, terms and conditions, relationship, responsibilities, liabilities. There are different types of Arkansas Notice of Joint Operating Agreement, including: 1. Oil and Gas Joint Operating Agreement: This type of agreement is commonly used in the oil and gas industry, where two or more companies come together to explore, develop, or produce oil and gas properties in Arkansas. The agreement details the allocation of costs, profits, and liabilities among the participating parties. 2. Real Estate Joint Operating Agreement: This agreement is used when multiple parties, such as developers or investors, collaborate to develop or manage a real estate project in Arkansas. It establishes the roles and responsibilities of each party, as well as the distribution of profits and expenses. 3. Joint Venture Joint Operating Agreement: A joint venture agreement in Arkansas involves two or more businesses combining their resources and expertise to pursue a specific project or business venture. This agreement outlines the operational and financial aspects, including the sharing of profits, losses, and decision-making authority. 4. Mining Joint Operating Agreement: This type of agreement is applicable in the mining industry, where companies join forces extracting valuable minerals from Arkansas. It covers various aspects such as mining operations, royalty payments, and environmental responsibilities. Regardless of the specific type of Arkansas Notice of Joint Operating Agreement, it is crucial to consult with legal professionals to ensure compliance with state laws and to protect the interests of all parties involved.

How to fill out Notice Of Joint Operating Agreement?

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FAQ

As of May 2017, hydraulic fracturing in Arkansas occurred primarily in the Fayetteville Shale, a geological formation that spans northern Arkansas.

Ten counties in Arkansas produce oil, all in the southern region of the state: Ashley, Bradley, Calhoun, Columbia, Hempstead, Lafayette, Miller, Nevada, Ouachita, and Union. Historically, most of this production has been in Union, Lafayette, Columbia, and Ouachita counties.

The Arkansas Oil and Gas Commission (OGC) prevents waste and encourages conservation of the Arkansas oil, natural gas, and brine resources, to protect the correlative rights associated with those resources, and to respect the environment during the production, extraction, and transportation of those resources.

The Joint Operating Agreement (JOA) in oil and gas industry is an underlying contractual framework of a Joint Venture (JV). The JOA is a contract where two or more parties agree to undertake a common task to explore and exploit an area for hydrocarbons.

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Below is a link to a sample of the Notice of Public Hearing cover page. Cover Page for Notice of Public Hearing. JOA: A Joint Operating Agreement is a contract ... Jan 30, 2023 — The grantee must accomplish the following benchmarks in Phase I: • Notify the public of the receipt of the grant and the proposed activities;. • ...Filing and Furnishing Governmental Reports: Operator will file, and upon written request promptly furnish copies to each requesting Non-Operator not in default ... by ME Curry · 2006 — The operating agreement is filled with provisions allocating financial responsibility. Article VI.B.l requires notice of estimated costs to be ... by EG Pereira · 2017 · Cited by 1 — Any Joint Operating Agreement (JOA) requires an operator to conduct the operations on the behalf of the Joint Venture (JV) or consortium. The most common. by PW Gray · 1998 — The AAPL Form 610-1989 is designed in a format that covers the basic necessities of operations and in some instances provides multiple choice or ... by AJ Black · Cited by 13 — After a brief history of JOAs, the paper reviews several areas of concern: control of joint operations, fiduciary duties, change of operator and production in ... by PG Yale · 2020 — Let us start by answering what an operating agreement is and why it is needed. In an oil industry context, a joint operating agreement (often referred to by ... The Operating Agreement forms are not fill in the blank forms. To make effective ... Notice of Joint Operating Agreement · Notice of Operating Agreement · Notice ... in this Section 9.1, shall relieve a Patty of its obligations under this Agreement, extend any notice period described in this Agreement or ...

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Arkansas Notice of Joint Operating Agreement