This form is used when the parties own undivided leasehold interests in the Lease as to depths from the surface of the ground to a Specific Depth. The parties acknowledge that the production from a well on the leasehold interest will be obtained from depths in which the ownership is not common. Thus, the parties find it necessary to enter into this Agreement to enable the parties to each be paid a proportionate part of the commingled production from the separate depths in which they own interests.
A Wisconsin Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth is a legal document that outlines the terms and conditions for working owners who share a well bore and want to combine the production from different formations. This agreement is specifically applicable in Wisconsin and addresses situations where leasehold ownership varies as to depth. Keywords: Wisconsin, commingling agreement, working owners, production, different formations, well bore, leasehold ownership, depth. There are different types of Wisconsin Commingling Agreements Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth, which may include: 1. Standard Commingling Agreement: This type of agreement allows working owners to combine production from different formations within the same well bore, even when leasehold ownership varies as to depth. It outlines the responsibilities, rights, and compensation arrangements among the working owners. 2. Depth-Based Commingling Agreement: This agreement specifically addresses situations where leasehold ownership varies as to depth, and the commingling of production is limited to specific formations based on the depth of each owner's leasehold interest. It provides clarity on the depth ranges and conditions under which commingling is permitted. 3. Formation-Specific Commingling Agreement: In some cases, working owners may choose to only commingle production from specific formations that are economically viable. This type of agreement focuses on allowing commingling from selected formations while still maintaining separate ownership rights for other formations. 4. Extended Commingling Agreement: This agreement enables working owners to commingle production not only from different formations but also from multiple wells within a lease. It may include additional provisions regarding cost allocations, royalty distributions, and operational responsibilities. 5. Division Order Commingling Agreement: A division order commingling agreement typically accompanies the main commingling agreement and establishes the proportional distribution of royalties among the working owners, considering the varying leasehold ownership as to depth. The specific type of Wisconsin Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth may vary depending on the unique needs and circumstances of the working owners involved. It is crucial to consult legal professionals experienced in Wisconsin oil and gas laws to draft an agreement that best suits the specific situation.
