This is a Preferential Right to Purchase Production form. The assignor reserves the right at any time and from time to time to purchase or designate a purchaser for all of assignees oil and other liquid hydrocarbons produced and saved from the interests in the lands and leases that are the subject of this assignment.
Kansas Preferential Right to Purchase Production
Category:
State:
Multi-State
Control #:
US-OG-505
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Word;
Rich Text
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FAQ
An area of mutual interest (AMI) agreement is a pact between two or more oil or natural gas companies. An AMI agreement covers a defined geographic location for a defined period of time.
Area of Mutual Interest (AMI): a geographic area generally defined by a contract (e.g., Farmout, JOA, JDA or similar agreement) within which two or more persons hold an interest. The Book of Jargon®: Oil & Gas - Latham & Watkins LLP lw.com ? admin ? Upload ? Documents ? Oi... lw.com ? admin ? Upload ? Documents ? Oi...
1. n. [Oil and Gas Business] The right that nonselling participating parties have in a lease, well or unit to proportionately acquire the interest that a participating party proposes to sell to a third party.
