This operating agreement is used when the parties to the Agreement are owners of oil and gas leases and/or oil and gas interests in the land identified in Exhibit A to the agreement, and have reached an agreement to explore and develop these leases and/or oil and gas interests for the production of oil and gas to the extent and as provided for in this Agreement.
Title: Kansas Joint Operating Agreement 82 Revised: A Comprehensive Overview Keywords: Kansas Joint Operating Agreement 82 Revised, JOB 82 Revised, Kansas oil and gas industry, operating agreement types, joint operations, oil and gas production, exploration activities, Kansas JOB terms, JOA82 standard provisions. Introduction: The Kansas Joint Operating Agreement 82 Revised (JOB 82 Revised) is a crucial document in the Kansas oil and gas industry that governs joint operations between parties involved in exploration, drilling, and production activities. This detailed description delves into the key features, terms, and provisions of JOB 82 Revised, highlighting its significance and various types of the agreement. 1. What is Kansas Joint Operating Agreement 82 Revised? The Kansas Joint Operating Agreement 82 Revised (JOB 82 Revised) is a legal contract that outlines the terms and conditions under which oil and gas operators jointly conduct exploration, drilling, production, and other related activities in the state of Kansas. It serves as a collaborative framework between working interest owners (Wins) in oil and gas projects, defining their rights, duties, and liabilities. 2. Key Features of Kansas JOB 82 Revised: — Parties involved: The agreement involves working interest owners (Wins) who come together and jointly operate on specific oil and gas projects. — Operating responsibilities: It specifies the roles, rights, and duties of each participating WHO, including operator responsibilities for exploration, drilling, production, maintenance, costs, and decision-making processes. — ACP provisionsJOBOA 82 Revised incorporates the JOA82 standard provisions, which include the authority of the operator, accounting procedures, contractual obligations, force majeure, dispute resolution, and termination rights. — Consent requirements: The agreement outlines the process of obtaining consent from non-operators for significant operational decisions, ensuring all parties have a say in the project's development and execution. 3. Types of Kansas Joint Operating Agreement 82 Revised: a) JOB 82 Revised for Exploration and Drilling Operations: This type of JOB 82 Revised focuses on oil and gas exploration, drilling, and early-stage production activities. It defines the obligations, commitments, and revenue sharing mechanisms for Wins during the exploration phase and drilling of wells. b) JOB 82 Revised for Production and Operations: This variation of JOB 82 Revised primarily covers the production stage of oil and gas operations, including well maintenance, routine operations, facility management, and revenue sharing arrangements. c) Comprehensive JOB 82 Revised: A comprehensive JOB 82 Revised comprises a combination of both exploration/drilling and production/operations aspects. It covers the entire lifecycle of an oil and gas project, from initial exploration to ongoing production and subsequent cessation. Conclusion: The Kansas Joint Operating Agreement 82 Revised (JOB 82 Revised) plays a vital role in regulating joint operations between working interest owners (Wins) involved in oil and gas projects within Kansas. By elucidating the key aspects, terms, and types of JOB 82 Revised, this description highlights its significance in fostering collaboration, defining obligations, and ensuring the smooth execution of oil and gas activities throughout the state.
