This form provides for the reassignment of interests in the event a well is required to be drilled, deepened, reworked, plugged back, sidetracked, or recompleted, or any other operation that may be required in order to (1) continue a Lease or Leases in force and effect, or (2) maintain a unitized area or any portion of it in and to any Oil and/or Gas and other interest which may be owned by a third party or which, failing in the operation, may revert to a third party, or (3) comply with an order issued by a regulatory body
The District of Columbia Provisions for JOB 82 Revised refer to the specific terms and conditions stated by the District of Columbia, specifically applicable to Joint Operating Agreements (JOB) that have been revised based on the JOB 82 model. These provisions outline the legal framework within which joint operations can take place within the district. The JOB 82 Revised District of Columbia provisions encompass various regulations and guidelines that aim to regulate joint operations effectively. Some relevant keywords that can be associated with these provisions include: 1. Joint Operating Agreement (JOB): A legally binding contract between two or more parties outlining the rights, responsibilities, and obligations for jointly operating an oil, gas, or mineral property. 2. District of Columbia: The federal district and capital city of the United States, with unique laws and regulations separate from the states. 3. Provisions: Specific clauses or sections within the JOB 82 Revised that specify particular terms, rules, or conditions. 4. Revised: Refers to the updated or modified version of the JOB 82 that reflects changes made to previous editions, often to address legal, regulatory, or operational shortcomings. 5. Legal framework: The overall structure of laws, regulations, and guidelines that govern joint operations within the District of Columbia. 6. Regulations: Specific rules or requirements established by the District of Columbia government to ensure compliance with the law. 7. Guidelines: General recommendations or advice that helps interpret or clarify the provisions and facilitate their application. 8. Joint operations: Collaborative efforts where two or more parties come together to carry out a specific project or task, sharing resources, risks, and rewards. 9. Oil, gas, or mineral property: Refers to land or areas within the District of Columbia that contain natural resources such as oil, natural gas, or minerals. 10. Legal obligations and responsibilities: The duties and accountabilities that each party involved in the joint operation must assume or fulfill to meet legal requirements. Different types of the District of Columbia Provisions for JOB 82 Revised may exist, based on the specific industry or sector these provisions are tailored for. For example, there could be separate provisions for oil exploration and production, gas transportation and distribution, or mineral mining. Each type of provision would address unique requirements and considerations relevant to that specific industry.
