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.
Oklahoma 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?
If you want to total, down load, or print out legal papers templates, use US Legal Forms, the largest assortment of legal kinds, that can be found on the Internet. Make use of the site`s basic and handy look for to discover the files you need. Various templates for company and specific reasons are sorted by types and says, or keywords. Use US Legal Forms to discover the Oklahoma Joint Operating Agreement 89-03 Revised within a few clicks.
Should you be presently a US Legal Forms buyer, log in to the accounts and click on the Obtain option to get the Oklahoma Joint Operating Agreement 89-03 Revised. You may also entry kinds you formerly downloaded in the My Forms tab of your own accounts.
Should you use US Legal Forms for the first time, follow the instructions beneath:
- Step 1. Be sure you have selected the form for that right city/land.
- Step 2. Take advantage of the Preview option to look through the form`s content material. Don`t forget about to see the information.
- Step 3. Should you be unsatisfied with all the form, utilize the Research field near the top of the display to locate other types of your legal form design.
- Step 4. Once you have identified the form you need, go through the Buy now option. Opt for the rates plan you like and add your accreditations to register for the accounts.
- Step 5. Method the purchase. You should use your Мisa or Ьastercard or PayPal accounts to accomplish the purchase.
- Step 6. Choose the file format of your legal form and down load it in your system.
- Step 7. Comprehensive, modify and print out or indication the Oklahoma Joint Operating Agreement 89-03 Revised.
Each legal papers design you buy is the one you have for a long time. You possess acces to every form you downloaded in your acccount. Click on the My Forms area and select a form to print out or down load once more.
Remain competitive and down load, and print out the Oklahoma Joint Operating Agreement 89-03 Revised with US Legal Forms. There are many professional and condition-certain kinds you may use for your company or specific demands.
Form popularity
FAQ
The Joint Operating Agreement (JOA) in oil and gas industry is an underlying contractual framework of a Joint Venture (JV). The JOA is a contract where two or more parties agree to undertake a common task to explore and exploit an area for hydrocarbons.
A joint operating agreement is a contract that sets forth the duties and obligations of both the operator and nonoperating working interest owners of a mineral lease.
There is no state law in Oklahoma requiring an operating agreement for LLCs. However, without a written operating agreement, you will have difficulty opening a company bank account, and you might run into trouble if your LLC ever faces a lawsuit.
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 operating agreement (JOA) is a contract specifying the conditions of a joint venture operation. JOAs range in complexity. A JOA can include provisions for legal, tax, financial, engineering, and other considerations negotiated by the venture partners.
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.
Under a JOA, a joint account is established to keep track of income and expenses. Even though the JOA states the parties are not partners, an argument can be made that the parties are joint venturers or partners concerning the drilling of the initial well.
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.