Maryland Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations - Long Form

• Category: Oil Gas and Minerals - Water
• State: Multi-State
• Control #: US-OG-159
• Format: Word; Rich Text

Description

This form is an agreement between parties providing for the sale of water to a lessee for use in secondary recovery operations.

Title: Maryland Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form Keywords: Maryland Fresh Water Purchase Agreement, Landowner, Operator, Secondary Recovery Operations Introduction: The Maryland Fresh Water Purchase Agreement serves as a legally binding document between a landowner and an operator, outlining the terms and conditions for the acquisition and use of fresh water in secondary recovery operations. This long-form agreement covers a comprehensive range of crucial elements to ensure clarity, compliance, and mutual understanding between the involved parties. Types of Maryland Fresh Water Purchase Agreement for Use in Secondary Recovery Operations: 1. Extraction and Usage Rights: This section establishes the landowner's authorization for the operator to withdraw and utilize fresh water resources for secondary recovery operations on the specified property. It specifies the quantities, sources, and permitted extraction methods, such as wells, rivers, or other licensed suppliers. 2. Water Quality and Testing: This segment defines the required water quality standards to be met by the operator throughout the agreement term. It may encompass parameters like pH levels, chemical composition, microbiological content, and general compliance with environmental regulations. Procedures for regular water testing and certification can also be included. 3. Water Delivery and Storage: This clause outlines the responsibilities of both parties concerning the transportation, delivery, and storage of fresh water. It may touch upon topics such as liability for damages during transport, appropriate containers, and storage facilities maintenance and management. 4. Payment and Invoicing: This aspect covers the financial arrangements regarding the purchase and supply of fresh water. It includes the payment schedule, invoicing details, methods of payment, and any penalties or interest charges for late payments. The agreement may also contain provisions for periodic audits to ensure accurate billing and invoicing. 5. Duration and Termination: This section defines the duration of the agreement and outlines the conditions under which either party can terminate the contract, including breach of terms, non-compliance, or other stated events. It may also address the procedures for notifying the other party and potential consequences of termination. 6. Indemnification and Liability: To protect the interests of both parties, this clause specifies the indemnification and liability obligations in case of any damages, losses, or claims arising from the use of fresh water during secondary recovery activities. It addresses insurance requirements, limitations of liability, and dispute resolution mechanisms. Conclusion: The Maryland Fresh Water Purchase Agreement is a crucial legal instrument that facilitates a harmonious relationship between landowners and operators engaging in secondary recovery operations. Its long-form nature allows for a detailed and comprehensive document that suits the specific needs and interests of the parties involved. By addressing various aspects such as extraction rights, water quality standards, payment terms, and termination conditions, this agreement aims to establish clear guidelines and protect the rights and responsibilities of both landowners and operators.