District of Columbia Area of Mutual Interest Agreement

State:
Multi-State
Control #:
US-OG-682
Format:
Word; 
Rich Text
Instant download

Description

This form is an agreement between parties that own leasehold interests created by oil and gas leases. To facilitate the coordinated acquisition of additional Leases and exploration for and development of oil, gas, and other minerals from lands located in the general area of the Parties Leases, the Parties desire to enter into this Agreement to create an Area of Mutual Interest (the AMI).

The District of Columbia Area of Mutual Interest (AMI) Agreement is a legally binding contract that outlines collaboration and coordination between different entities within the District of Columbia. This agreement allows the involved parties to share information, resources, and expertise to achieve common goals and better serve the community. The District of Columbia AMI Agreement serves as a framework for cooperation between government agencies, nonprofit organizations, and other entities operating within the District. It promotes collaboration in various areas such as urban development, transportation, education, public safety, and environmental sustainability. This agreement ensures that all participating parties work together to identify shared priorities, avoid duplication of efforts, and leverage each other's strengths. It enables the pooling of resources and expertise to maximize efficiency and effectiveness in addressing critical issues impacting the District of Columbia. Different types of District of Columbia AMI Agreements may exist depending on the specific area of focus. Some common types include: 1. Urban Development AMI Agreement: This type of agreement involves cooperation between government agencies, urban planners, and developers to ensure sustainable and equitable development within the District. It may cover aspects such as zoning, affordable housing, infrastructure planning, and urban revitalization. 2. Transportation AMI Agreement: This agreement focuses on collaboration between transportation agencies, such as the Department of Transportation, public transit authorities, and stakeholders, to improve transportation systems, reduce traffic congestion, and enhance connectivity within the District. 3. Education AMI Agreement: In this type of agreement, educational institutions, community organizations, and government agencies aim to improve access to quality education, enhance educational opportunities, and address educational disparities within the District. 4. Public Safety AMI Agreement: This agreement involves coordination between law enforcement agencies, emergency services, and community organizations to enhance public safety, crime prevention, and emergency response in the District. 5. Environmental Sustainability AMI Agreement: This type of agreement promotes collaboration between environmental agencies, conservation organizations, and community groups to address climate change, protect natural resources, and promote sustainable practices within the District. Overall, the District of Columbia AMI Agreement facilitates cooperation, communication, and joint action among various stakeholders to achieve shared objectives and enhance the overall well-being of the District and its residents.

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FAQ

An area of mutual interest (AMI) contract describes the geographic area contained in the AMI, the rights of each party (such as the percentage interest allocated to each company), the agreement's term, and how contract provisions are to be implemented. Area Of Mutual Interest (AMI): What It is, How It Works - Investopedia investopedia.com ? terms ? area-of-mutual-i... investopedia.com ? terms ? area-of-mutual-i...

Hear this out loud Pause1. 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.

More info

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District of Columbia Area of Mutual Interest Agreement