This form is used when royalty owners are the owners of royalty and mineral interests in Tracts 1 and 2, subject to the terms of Lease 1 and Lease 2. Recognizing that each of the Royalty Owners may not own an Interest in both Tracts 1 and 2, or may not own an identical Interest in Tracts 1 and 2, it is their desire, together with Lessee, to pool and unitize these two Tracts for oil and gas operations.
A California Pooling Agreement Between Lessee and Royalty Owners on Two Tracts, With Depth Limitation is a legal document that outlines the terms and conditions for the joint development and sharing of resources between a lessee (also known as an operator or working interest owner) and royalty owners on two separate tracts of land in California. This agreement is specifically designed to include a depth limitation, which specifies the depth at which the pooling of resources will occur. Keywords: California, pooling agreement, lessee, royalty owners, two tracts, depth limitation, joint development, sharing of resources, operator, working interest owner. There are no different types of California Pooling Agreement Between Lessee and Royalty Owners on Two Tracts, With Depth Limitation. However, variations of this agreement can exist depending on the specific terms and conditions agreed upon by the parties involved. Some possible variations may include: 1. California Pooling Agreement Between Lessee and Royalty Owners on Two Tracts, With Depth Limitation and Royalty Sharing: This variation includes provisions for the sharing of royalties derived from the joint development of the two tracts, in addition to the pooling of resources with a depth limitation. 2. California Pooling Agreement Between Lessee and Royalty Owners on Two Tracts, With Depth Limitation and Area of Mutual Interest (AMI): This variation incorporates an AMI clause, which defines a designated area where the parties have preferential rights to participate in future leases and pooling agreements within the specified depth limitation. 3. California Pooling Agreement Between Lessee and Royalty Owners on Two Tracts, With Depth Limitation and Cost Allocation: This variation outlines the allocation of costs associated with the joint development, including drilling, production, and operational expenses, among the lessee and royalty owners involved. 4. California Pooling Agreement Between Lessee and Royalty Owners on Two Tracts, With Depth Limitation and Enhanced Recovery Operations: This variation allows for the implementation of enhanced recovery techniques, such as hydraulic fracturing or steam injection, to maximize the recovery of hydrocarbons from the pooled resources within the depth limitation. It's important to note that the specific terms, conditions, and additional provisions in these variations may vary depending on the negotiations and agreements made between the parties involved.A California Pooling Agreement Between Lessee and Royalty Owners on Two Tracts, With Depth Limitation is a legal document that outlines the terms and conditions for the joint development and sharing of resources between a lessee (also known as an operator or working interest owner) and royalty owners on two separate tracts of land in California. This agreement is specifically designed to include a depth limitation, which specifies the depth at which the pooling of resources will occur. Keywords: California, pooling agreement, lessee, royalty owners, two tracts, depth limitation, joint development, sharing of resources, operator, working interest owner. There are no different types of California Pooling Agreement Between Lessee and Royalty Owners on Two Tracts, With Depth Limitation. However, variations of this agreement can exist depending on the specific terms and conditions agreed upon by the parties involved. Some possible variations may include: 1. California Pooling Agreement Between Lessee and Royalty Owners on Two Tracts, With Depth Limitation and Royalty Sharing: This variation includes provisions for the sharing of royalties derived from the joint development of the two tracts, in addition to the pooling of resources with a depth limitation. 2. California Pooling Agreement Between Lessee and Royalty Owners on Two Tracts, With Depth Limitation and Area of Mutual Interest (AMI): This variation incorporates an AMI clause, which defines a designated area where the parties have preferential rights to participate in future leases and pooling agreements within the specified depth limitation. 3. California Pooling Agreement Between Lessee and Royalty Owners on Two Tracts, With Depth Limitation and Cost Allocation: This variation outlines the allocation of costs associated with the joint development, including drilling, production, and operational expenses, among the lessee and royalty owners involved. 4. California Pooling Agreement Between Lessee and Royalty Owners on Two Tracts, With Depth Limitation and Enhanced Recovery Operations: This variation allows for the implementation of enhanced recovery techniques, such as hydraulic fracturing or steam injection, to maximize the recovery of hydrocarbons from the pooled resources within the depth limitation. It's important to note that the specific terms, conditions, and additional provisions in these variations may vary depending on the negotiations and agreements made between the parties involved.
