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.
South Dakota Area of Mutual Interest (SD AMI) refers to a collaborative initiative in South Dakota that aims to foster communication, cooperation, and consensus-building among various stakeholders to identify and address shared interests and concerns related to specific geographic areas or issues. One notable South Dakota Area of Mutual Interest is the Black Hills AMI. The Black Hills AMI encompasses the iconic Black Hills region, including the Black Hills National Forest, Mount Rushmore National Memorial, Custer State Park, and various other recreational, cultural, and historical landmarks. This AMI brings together government agencies, local communities, Native American tribes, environmental organizations, tourism associations, and other interested parties to sustainably manage and protect the natural resources, wildlife, and cultural heritage of the Black Hills. Another South Dakota Area of Mutual Interest is the Prairie Pothole Region AMI. This AMI focuses on the conservation and preservation of the unique and vital wetland complex known as the Prairie Pothole Region, which spans across South Dakota, North Dakota, Minnesota, and parts of Canada. By collaborating with neighboring states and international partners, the Prairie Pothole Region AMI aims to safeguard these wetlands, which are crucial breeding and nesting grounds for millions of waterfowl and other bird species. It also addresses water management, agriculture practices, and land use planning to maintain the ecological integrity and economic viability of this important region. The Missouri River Basin AMI is yet another prominent South Dakota Area of Mutual Interest. This AMI covers the stretch of the Missouri River that flows through South Dakota and its reservoirs, including Lake Oahe and Lake Francis Case. The Missouri River Basin AMI facilitates cooperation among federal agencies, tribal governments, states, local communities, and other stakeholders to manage water resources, address flooding risks, promote sustainable navigation, preserve aquatic ecosystems, and support recreational activities along the river. Overall, South Dakota's various Areas of Mutual Interest bring together diverse stakeholders to collaboratively tackle regional challenges and opportunities. These initiatives prioritize the conservation of natural resources, the preservation of cultural heritage, community development, tourism promotion, and sustainable economic growth.
