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.
The District of Columbia 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 specifically addresses the scenario where multiple working owners have varying leasehold ownership depths within the same well bore. This agreement ensures fair distribution and allocation of production from different formations within the well bore. Keywords: District of Columbia, Commingling Agreement, Working Owners, Production, Different Formations, Well Bore, Leasehold Ownership, Depth. In the District of Columbia, when multiple parties have leasehold interests in the same well bore but have varying depths of ownership, a Commingling Agreement is utilized to regulate the production from different formations and ensure equitable distribution of resources. This agreement establishes clear guidelines for working owners operating within the District of Columbia, explaining how they should handle the production that comes from distinct formations within the shared well bore. It addresses situations where leasehold ownership may vary due to varying depths, ensuring fair distribution among the different stake holding parties. The District of Columbia Commingling Agreement aims to prevent any disputes or conflicts regarding the production allocation among the working owners. It seeks to create a cooperative environment where all parties involved can receive their rightful share, regardless of the formations they own or the depth of their leasehold. This agreement outlines the rights and responsibilities of every working owner involved, emphasizing transparency and effective communication. It also defines the mechanism for determining production volumes from individual formations and how those volumes are allocated among the parties based on their respective leasehold depths. There are different types of District of Columbia Commingling Agreements based on variations in the formation types and depths owned. These agreements may specifically address formations such as shale, sandstone, limestone, or any other relevant geological formations within the well bore. The specific terms and conditions of each agreement may differ based on the unique characteristics of the formations and the leasehold depths involved. Overall, the District of Columbia Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth plays a vital role in ensuring fair and efficient resource management, preventing conflicts, and promoting cooperation among all parties involved in the production of oil, gas, or any other valuable substance within the shared well bore.The District of Columbia 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 specifically addresses the scenario where multiple working owners have varying leasehold ownership depths within the same well bore. This agreement ensures fair distribution and allocation of production from different formations within the well bore. Keywords: District of Columbia, Commingling Agreement, Working Owners, Production, Different Formations, Well Bore, Leasehold Ownership, Depth. In the District of Columbia, when multiple parties have leasehold interests in the same well bore but have varying depths of ownership, a Commingling Agreement is utilized to regulate the production from different formations and ensure equitable distribution of resources. This agreement establishes clear guidelines for working owners operating within the District of Columbia, explaining how they should handle the production that comes from distinct formations within the shared well bore. It addresses situations where leasehold ownership may vary due to varying depths, ensuring fair distribution among the different stake holding parties. The District of Columbia Commingling Agreement aims to prevent any disputes or conflicts regarding the production allocation among the working owners. It seeks to create a cooperative environment where all parties involved can receive their rightful share, regardless of the formations they own or the depth of their leasehold. This agreement outlines the rights and responsibilities of every working owner involved, emphasizing transparency and effective communication. It also defines the mechanism for determining production volumes from individual formations and how those volumes are allocated among the parties based on their respective leasehold depths. There are different types of District of Columbia Commingling Agreements based on variations in the formation types and depths owned. These agreements may specifically address formations such as shale, sandstone, limestone, or any other relevant geological formations within the well bore. The specific terms and conditions of each agreement may differ based on the unique characteristics of the formations and the leasehold depths involved. Overall, the District of Columbia Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth plays a vital role in ensuring fair and efficient resource management, preventing conflicts, and promoting cooperation among all parties involved in the production of oil, gas, or any other valuable substance within the shared well bore.
