Oregon Area of Mutual Interest Agreement
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How to fill out Area Of Mutual Interest Agreement?
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FAQ
Total operated basis: The total reserves or production associated with the wells operated by an individual operator. This is also commonly known as the "gross operated" or "8/8ths" basis.
Area of Mutual Interest (AMI): a geographic area generally defined by a contract (e.g., Farmout, JOA, JDA or similar agreement) within which two or more persons hold an interest.
An area of mutual interest (AMI) contract describes the geographic area contained in the AMI, the rights of each party (such as the percentage interest allocated to each company), the agreement's term, and how contract provisions are to be implemented.
?mutual interest?, refers to ?the industrial or economic relationship between. employer and employee? (Brassey The New Labour Law (1987) 246). Strikes fall under industrial action by employees and are also seen as an exercise of economic power by employees.