A farmout agreement is used when the "farmor" agrees to assign acreage to the "farmee" in return for the "farmee" performing specified drilling and testing obligations, with the "farmor" also reserving an interest in the acreage assigned and in the production from the wells drilled by the second company.
Arkansas Farmout Agreement Providing For Single Well, with Dry Hole Earning An Assignment
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State:
Multi-State
Control #:
US-OG-221
Format:
Word;
Rich Text
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How to fill out Arkansas Farmout Agreement Providing For Single Well, With Dry Hole Earning An Assignment?
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