This agreement is between an operator and a participant. Operator is the owner of the leasehold interest in the oil and gas leases described in Exhibit A to this Agreement. Participant desires to acquire an undivided interest in a portion of the Leases, in the manner provided for in this Agreement, and desires to enter into this Agreement for the purposes of joining Operator in the exploration of and development of the Leases.
Ohio Participation Agreement for Turnkey Drilling and Multiple Wells
Category:
State:
Multi-State
Control #:
US-OG-219
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Participation Agreement For Turnkey Drilling And Multiple Wells?
Discovering the right authorized record web template might be a battle. Of course, there are a variety of layouts available on the net, but how will you get the authorized form you want? Use the US Legal Forms web site. The assistance gives 1000s of layouts, for example the Ohio Participation Agreement for Turnkey Drilling and Multiple Wells, that can be used for company and private demands. All the varieties are checked out by experts and satisfy federal and state requirements.
If you are presently signed up, log in to your bank account and click on the Down load switch to obtain the Ohio Participation Agreement for Turnkey Drilling and Multiple Wells. Use your bank account to appear through the authorized varieties you possess bought earlier. Check out the My Forms tab of your respective bank account and obtain an additional version from the record you want.
If you are a fresh consumer of US Legal Forms, listed below are straightforward recommendations for you to stick to:
- Initial, be sure you have chosen the right form for the metropolis/region. It is possible to examine the form making use of the Review switch and read the form explanation to make certain it is the right one for you.
- When the form will not satisfy your expectations, utilize the Seach field to obtain the appropriate form.
- Once you are certain the form is suitable, go through the Buy now switch to obtain the form.
- Pick the rates plan you would like and enter in the required information. Build your bank account and pay money for the transaction utilizing your PayPal bank account or bank card.
- Choose the file formatting and down load the authorized record web template to your gadget.
- Comprehensive, revise and print and indicator the obtained Ohio Participation Agreement for Turnkey Drilling and Multiple Wells.
US Legal Forms is definitely the greatest library of authorized varieties in which you can discover a variety of record layouts. Use the service to down load professionally-produced paperwork that stick to state requirements.
Form popularity
FAQ
A drilling contract is an agreement between a drilling contractor and the owner or lessor of mineral rights. The contract outlines the rights and responsibilities of both parties. The more control the owner retains over the contractor, the more liable they are for any damages caused by the drilling.
A Turnkey contract is typically a construction contract under which a contractor is employed to plan, design and build a project or an infrastructure and do any other necessary development to make it functional or 'ready to use' at an agreed price and by a fixed date.
A turnkey contract is one under which the contractor is responsible for both the design and construction of a facility. It has a limited scope as it only deals with engineering, procurement, and construction. It has a wider scope as it deals with various things in a project from the beginning to the end.
In the context of drilling, a turnkey is a type of a drilling contract. Once it meant the entire job, beginning to end, and often to ready-to-produce for a set price, however, the term has numerous meanings as defined by individual contracts.
1. adj. [Drilling] Under such an arrangement, the drilling contractor assumes full responsibility for the well to some predetermined milestone such as the successful running of logs at the end of the well, the successful cementing of casing in the well or even the completion of the well.
Rig Contract Types. Three factors drive the type of contract offered by the drilling contractor, and selected by the operator: ... Day Rate Contracts. Day rate contracts are the most common. ... Footage Contracts. Footage contracts are used when drilling in mature or well-known fields and reservoirs. ... Turnkey Contracts.