Collin Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations - Short Form

• Category: Oil Gas and Minerals - Water
• State: Multi-State
• County: Collin
• Control #: US-OG-160
• Format: Word; Rich Text

Description

This is a form agreement providing for the sale of water. It is shorter in length and does not contain all of the provisions contained in the previous form. Collin Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form is a legally binding document that outlines the terms and conditions for the purchase and use of freshwater owned by a landowner in Collin, Texas, for secondary recovery operations conducted by an operator. This agreement is specifically designed to facilitate the efficient and effective utilization of the landowner's freshwater resources by the operator to enhance oil, gas, or mineral recovery activities in the area. It establishes a clear understanding between the two parties regarding the rights and obligations associated with accessing, utilizing, and compensating for the use of the freshwater. The agreement outlines the key provisions such as the duration of the agreement, the quantity of freshwater to be provided by the landowner, the purpose for which the water will be used, the specific location(s) from which the water will be extracted, and any relevant restrictions or conditions associated with its usage. Furthermore, the agreement includes provisions related to payment and compensation, governing laws and jurisdiction, indemnification and liability, insurance requirements, force majeure events, termination clauses, and dispute resolution mechanisms. It is important to note that while this description provides an overview of the general components of the Collin Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form, there may be variations or specific versions of this agreement tailored to different situations, requirements, or legal considerations.

Collin Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form is a legally binding document that outlines the terms and conditions for the purchase and use of freshwater owned by a landowner in Collin, Texas, for secondary recovery operations conducted by an operator. This agreement is specifically designed to facilitate the efficient and effective utilization of the landowner's freshwater resources by the operator to enhance oil, gas, or mineral recovery activities in the area. It establishes a clear understanding between the two parties regarding the rights and obligations associated with accessing, utilizing, and compensating for the use of the freshwater. The agreement outlines the key provisions such as the duration of the agreement, the quantity of freshwater to be provided by the landowner, the purpose for which the water will be used, the specific location(s) from which the water will be extracted, and any relevant restrictions or conditions associated with its usage. Furthermore, the agreement includes provisions related to payment and compensation, governing laws and jurisdiction, indemnification and liability, insurance requirements, force majeure events, termination clauses, and dispute resolution mechanisms. It is important to note that while this description provides an overview of the general components of the Collin Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form, there may be variations or specific versions of this agreement tailored to different situations, requirements, or legal considerations.