This operating agreement is used when the Parties to this Agreement are owners of Oil and Gas Leases and/or Oil and Gas Interests in the lands identified in Exhibit A to the Agreement. The Parties have reached an agreement to explore and develop the Leases and/or Oil and Gas Interests for the production of Oil and Gas to the extent and as provided for in this Agreement.
Kansas Joint Operating Agreement 89-03 Revised
Category:
State:
Multi-State
Control #:
US-OG-759
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Joint Operating Agreement 89-03 Revised?
You are able to commit time online attempting to find the lawful papers design that suits the federal and state specifications you need. US Legal Forms gives a large number of lawful forms that are analyzed by experts. You can actually acquire or printing the Kansas Joint Operating Agreement 89-03 Revised from the service.
If you already possess a US Legal Forms profile, you may log in and then click the Down load button. Next, you may complete, modify, printing, or sign the Kansas Joint Operating Agreement 89-03 Revised. Each and every lawful papers design you buy is the one you have for a long time. To get one more backup of any purchased form, proceed to the My Forms tab and then click the related button.
If you work with the US Legal Forms internet site initially, follow the straightforward instructions listed below:
- First, be sure that you have selected the right papers design to the county/area of your choice. Browse the form outline to make sure you have picked out the proper form. If readily available, use the Review button to search throughout the papers design at the same time.
- In order to locate one more variation in the form, use the Lookup industry to discover the design that meets your needs and specifications.
- Upon having located the design you would like, simply click Get now to continue.
- Find the costs plan you would like, key in your credentials, and register for an account on US Legal Forms.
- Total the transaction. You should use your bank card or PayPal profile to cover the lawful form.
- Find the format in the papers and acquire it for your product.
- Make alterations for your papers if possible. You are able to complete, modify and sign and printing Kansas Joint Operating Agreement 89-03 Revised.
Down load and printing a large number of papers themes using the US Legal Forms Internet site, which offers the biggest assortment of lawful forms. Use expert and state-certain themes to take on your organization or individual requires.
Form popularity
FAQ
Joint operating agreements are contractual agreements between one party identified as the operator and at least one other party known as a non-operator which requires the operator to drill the initial obligatory well, and the non-operator to pay its proportionate share of the operating expenses.
A JOA is a way for co-venturers to apportion liability in ance with their agreed participating interest. Under a JOA, the parties: Appoint an operator to manage operations and dealings with the host state and other third parties on behalf of the consortium.
A Joint Venture (JV) is the name given to a business formed by different companies that come together for a particular business. These parties enter into a Joint Operating Agreement (JOA) that binds them together. A JV is established for a specific purpose.
The JOA is a contract where two or more parties agree to undertake a common task to explore and exploit an area for hydrocarbons. The parties to the agreement can be broadly classified as operators and non-operators. The operator is the one who is responsible for the day-to-day management and operation of the field.
Joint Operating Agreements ("JOAs") are often used in capital-intensive resource industries by parties who wish to re- strict their exposure, particularly in limiting costs or liability.
In the health care industry, hospitals may form a JOA to provide a stronger financial structure. The JOA, also known in this industry as a virtual merger, allows the hospitals to retain separate boards of directors but turns over management to a separate company.
The JOA serves several purposes, including identifying the property interests of the parties in the mineral lease, designating the party that is to act as operator, and setting forth the method for sharing expenses and for the allocation of liability for the oil and gas exploration and production operations.
A joint operating agreement is a legal document that outlines the relationship between two or more businesses who jointly operate a business. When one company partners with another, they are typically signing this type of contract to ensure their business interests are protected.