District of Columbia Memorandum Giving Notice of Exploration Agreement Creating An Area of Mutual Interest, Which Contains A Preferential Purchase Right
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How to fill out Memorandum Giving Notice Of Exploration Agreement Creating An Area Of Mutual Interest, Which Contains A Preferential Purchase Right?
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FAQ
An AMI agreement binds the signatory parties to jointly explore for oil and gas in a defined geographic area for a specified period of time.
Area of Mutual Interest (AMI): a geographic area generally defined by a contract (e.g., Farmout, JOA, JDA or similar agreement) within which two or more persons hold an interest. The Book of Jargon®: Oil & Gas - Latham & Watkins LLP lw.com ? admin ? Upload ? Documents ? Oi... lw.com ? admin ? Upload ? Documents ? Oi...
An area of mutual interest (AMI) agreement is a pact between two or more oil or natural gas companies. An AMI agreement covers a defined geographic location for a defined period of time.
1. n. [Oil and Gas Business] The right that nonselling participating parties have in a lease, well or unit to proportionately acquire the interest that a participating party proposes to sell to a third party. preferential right to purchase - The SLB Energy Glossary slb.com ? Terms ? preferential_right_to_... slb.com ? Terms ? preferential_right_to_...
