This form creates an Area of Mutual Interest ( AMI ) comprising the Contract Area. During the term of this AMI, if any Party acquires all or any interest in any Oil and Gas Leases, any mineral interest, or any farmouts or other contracts which affect lands and minerals lying within the AMI, the Acquiring Party shall promptly advise each of the other Parties of the acquisition, at which time each Offeree shall have the right to acquire its proportionate interest in the Oil and Gas Interest.
The Oregon Area of Mutual Interest (AMI) is a designated zone or territory where multiple entities, such as energy companies or resource developers, have agreed to share information, coordinate activities, and potentially collaborate on projects. This arrangement allows stakeholders with overlapping interests in Oregon to better manage their resources and mitigate conflicts by fostering open communication and cooperative decision-making. One prominent type of Oregon AMI is the energy sector AMI. It typically involves discussions and collaborations between oil and gas companies, renewable energy developers, and government agencies, with the aim of reducing duplication of efforts, maximizing resource potential, and minimizing environmental impacts. In this context, the key focus areas often encompass offshore wind and wave energy generation, geothermal resources, and sustainable natural gas operations. Another type of Oregon AMI revolves around land development and use. This AMI commonly involves various stakeholders, including landowners, developers, conservation organizations, and government agencies. The goal of this type of AMI is to strike a balance between economic development and environmental preservation, particularly in ecologically sensitive areas such as wildlife habitats, wetlands, or forestry zones. By coordinating land use activities and promoting responsible development practices, this AMI seeks to ensure sustainable growth and prevent conflicts of interest. Furthermore, water resource AMIS play a crucial role in Oregon. With several major rivers and abundant freshwater supplies, managing water resources is of utmost importance. Water resource AMIS may involve stakeholders such as agriculture, municipalities, fishery management organizations, and hydroelectric power companies. These collaborations aim to harmonize water use, conservation efforts, and environmental protection, ensuring equitable access to water while safeguarding aquatic ecosystems. The concept of AMIS in Oregon extends beyond the mentioned examples and can be applied to other sectors, such as transportation, tourism, or technology. Each AMI is tailored to the specific needs and dynamics of the industry or sector involved, with the overarching objective of fostering collaboration, minimizing conflicts, and collectively advancing towards sustainable development in Oregon.
