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.
South Dakota 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 South Dakota Participation Agreement For Turnkey Drilling And Multiple Wells?
If you have to complete, obtain, or produce authorized record web templates, use US Legal Forms, the largest assortment of authorized kinds, which can be found on the Internet. Take advantage of the site`s simple and practical look for to get the paperwork you want. Different web templates for organization and individual reasons are sorted by types and states, or key phrases. Use US Legal Forms to get the South Dakota Participation Agreement for Turnkey Drilling and Multiple Wells in a couple of click throughs.
If you are previously a US Legal Forms customer, log in in your bank account and then click the Obtain option to find the South Dakota Participation Agreement for Turnkey Drilling and Multiple Wells. Also you can gain access to kinds you previously acquired inside the My Forms tab of the bank account.
If you work with US Legal Forms initially, refer to the instructions below:
- Step 1. Make sure you have selected the form for that right metropolis/land.
- Step 2. Take advantage of the Preview choice to check out the form`s information. Don`t forget to read through the outline.
- Step 3. If you are unsatisfied with the develop, take advantage of the Look for field towards the top of the display to find other models from the authorized develop format.
- Step 4. After you have found the form you want, go through the Buy now option. Choose the costs prepare you like and add your qualifications to register to have an bank account.
- Step 5. Approach the financial transaction. You should use your Мisa or Ьastercard or PayPal bank account to perform the financial transaction.
- Step 6. Choose the formatting from the authorized develop and obtain it on the device.
- Step 7. Comprehensive, revise and produce or indication the South Dakota Participation Agreement for Turnkey Drilling and Multiple Wells.
Every single authorized record format you get is the one you have for a long time. You possess acces to each and every develop you acquired inside your acccount. Select the My Forms section and choose a develop to produce or obtain yet again.
Remain competitive and obtain, and produce the South Dakota Participation Agreement for Turnkey Drilling and Multiple Wells with US Legal Forms. There are millions of professional and state-particular kinds you can utilize for the organization or individual demands.
Form popularity
FAQ
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.
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.
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.
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.
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.
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.