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.
Alaska 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 agreement designed to regulate the production of oil or gas from distinct formations within the same well bore located in Alaska, where leasehold ownership may vary based on depth. Keywords: Alaska, Commingling Agreement, Working Owners, Production, Different Formations, Same Well Bore, Leasehold Ownership, Depth. In Alaska, where oil and gas reserves are abundant, Commingling Agreements play a crucial role in ensuring efficient extraction and production while addressing the complexities arising from varying leasehold ownership and multiple formations within a single well bore. These agreements establish a framework for both cooperation and dispute resolution among working owners involved in the production process. Different types of Alaska Commingling Agreements Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth may include: 1. Standard Commingling Agreement: This type is the most common form of a commingling agreement in Alaska, where working owners agree to commingle the production from different formations within the same well bore, while acknowledging and respecting the varying leasehold ownership based on depth. The agreement outlines the allocation of costs, revenues, and responsibilities among the working owners involved in the operation. 2. Vertical Depth-Based Commingling Agreement: In cases where leasehold ownership varies significantly based on depth, this type of commingling agreement addresses the unique challenges associated with overlapping ownership interests. It defines specific depth intervals or zones and establishes rules for the sharing of production and allocation of costs and revenues within each zone. 3. Formation-Specific Commingling Agreement: When different formations within the same well bore have distinct ownership structures, this type of agreement focuses on the commingling of production from specific formations. It sets out guidelines for determining the proportional sharing of production, costs, and revenues among the working owners for each formation separately. 4. Production-Weighted Commingling Agreement: This agreement type determines the distribution of production and financial obligations based on the relative contribution of each working owner's interest in the combined production from different formations. It takes into account factors such as reservoir pressure, individual ownership percentages, and formation-specific production characteristics to calculate each owner's share. These different types of Alaska Commingling Agreements aim to facilitate efficient production and minimize conflicts among working owners by providing clear guidelines for the commingling of production, while taking into consideration the nuances of leasehold ownership variations and multiple formations in a single well bore.Alaska 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 agreement designed to regulate the production of oil or gas from distinct formations within the same well bore located in Alaska, where leasehold ownership may vary based on depth. Keywords: Alaska, Commingling Agreement, Working Owners, Production, Different Formations, Same Well Bore, Leasehold Ownership, Depth. In Alaska, where oil and gas reserves are abundant, Commingling Agreements play a crucial role in ensuring efficient extraction and production while addressing the complexities arising from varying leasehold ownership and multiple formations within a single well bore. These agreements establish a framework for both cooperation and dispute resolution among working owners involved in the production process. Different types of Alaska Commingling Agreements Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth may include: 1. Standard Commingling Agreement: This type is the most common form of a commingling agreement in Alaska, where working owners agree to commingle the production from different formations within the same well bore, while acknowledging and respecting the varying leasehold ownership based on depth. The agreement outlines the allocation of costs, revenues, and responsibilities among the working owners involved in the operation. 2. Vertical Depth-Based Commingling Agreement: In cases where leasehold ownership varies significantly based on depth, this type of commingling agreement addresses the unique challenges associated with overlapping ownership interests. It defines specific depth intervals or zones and establishes rules for the sharing of production and allocation of costs and revenues within each zone. 3. Formation-Specific Commingling Agreement: When different formations within the same well bore have distinct ownership structures, this type of agreement focuses on the commingling of production from specific formations. It sets out guidelines for determining the proportional sharing of production, costs, and revenues among the working owners for each formation separately. 4. Production-Weighted Commingling Agreement: This agreement type determines the distribution of production and financial obligations based on the relative contribution of each working owner's interest in the combined production from different formations. It takes into account factors such as reservoir pressure, individual ownership percentages, and formation-specific production characteristics to calculate each owner's share. These different types of Alaska Commingling Agreements aim to facilitate efficient production and minimize conflicts among working owners by providing clear guidelines for the commingling of production, while taking into consideration the nuances of leasehold ownership variations and multiple formations in a single well bore.
