Georgia Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations - Short Form

• Category: Oil Gas and Minerals - Water
• State: Multi-State
• Control #: US-OG-160
• Format: Word; Rich Text

Description

This is a form agreement providing for the sale of water. It is shorter in length and does not contain all of the provisions contained in the previous form. A Georgia Fresh Water Purchase Agreement between a Landowner and Operator for the Use of the Landowner's Water in Secondary Recovery Operations is a legally binding contract that outlines the terms and conditions under which the Operator can access and use the Landowner's fresh water resources for secondary recovery operations. This short form agreement is specifically designed for situations where the Landowner grants the Operator permission to utilize their fresh water resources for activities such as hydraulic fracturing, water flooding, or any other secondary recovery methods in the oil and gas industry. The agreement ensures that both parties are protected and have a clear understanding of their rights and responsibilities. The agreement covers various key aspects, including: 1. Parties Involved: Clearly identifies the Landowner and the Operator participating in the agreement. It includes their legal names, addresses, and contact information. 2. Purpose: Defines the purpose of the agreement, which is primarily the use of fresh water resources for secondary recovery operations on the Landowner's property. 3. Scope: Specifies the scope of the agreement, including the specific boundaries or locations within the Landowner's property where the fresh water resources can be accessed and utilized by the Operator. 4. Water Usage: Details the quantity of fresh water that the Operator is authorized to use, the source of the water, and any limitations or conditions on its usage (e.g., maximum withdrawal rate, water quality requirements). 5. Duration: Outlines the duration of the agreement, including the start and end dates, any renewal provisions, and termination conditions. 6. Compensation: Addresses the financial aspects of the agreement, including the payment terms, frequency, and any additional expenses, such as maintenance or repair costs. 7. Liability and Indemnification: Specifies the responsibilities and liabilities of each party regarding any damages, injuries, or losses that may occur during the water usage activities. It also includes provisions for indemnification and insurance requirements. 8. Confidentiality: Includes clauses regarding the confidentiality of any proprietary information shared during the agreement, ensuring that both parties maintain the confidentiality of sensitive data. 9. Governing Law: Determines the applicable law that governs the agreement, typically the laws of the state of Georgia. Different types of Fresh Water Purchase Agreements may exist based on the specific needs and preferences of the Landowner and Operator. These agreements could include variations in terms of water usage limits, duration, compensation structure, and environmental considerations. However, the short form agreement provides a basic framework that can be tailored to fit the specific requirements of both parties while ensuring clarity, fairness, and legal compliance.

A Georgia Fresh Water Purchase Agreement between a Landowner and Operator for the Use of the Landowner's Water in Secondary Recovery Operations is a legally binding contract that outlines the terms and conditions under which the Operator can access and use the Landowner's fresh water resources for secondary recovery operations. This short form agreement is specifically designed for situations where the Landowner grants the Operator permission to utilize their fresh water resources for activities such as hydraulic fracturing, water flooding, or any other secondary recovery methods in the oil and gas industry. The agreement ensures that both parties are protected and have a clear understanding of their rights and responsibilities. The agreement covers various key aspects, including: 1. Parties Involved: Clearly identifies the Landowner and the Operator participating in the agreement. It includes their legal names, addresses, and contact information. 2. Purpose: Defines the purpose of the agreement, which is primarily the use of fresh water resources for secondary recovery operations on the Landowner's property. 3. Scope: Specifies the scope of the agreement, including the specific boundaries or locations within the Landowner's property where the fresh water resources can be accessed and utilized by the Operator. 4. Water Usage: Details the quantity of fresh water that the Operator is authorized to use, the source of the water, and any limitations or conditions on its usage (e.g., maximum withdrawal rate, water quality requirements). 5. Duration: Outlines the duration of the agreement, including the start and end dates, any renewal provisions, and termination conditions. 6. Compensation: Addresses the financial aspects of the agreement, including the payment terms, frequency, and any additional expenses, such as maintenance or repair costs. 7. Liability and Indemnification: Specifies the responsibilities and liabilities of each party regarding any damages, injuries, or losses that may occur during the water usage activities. It also includes provisions for indemnification and insurance requirements. 8. Confidentiality: Includes clauses regarding the confidentiality of any proprietary information shared during the agreement, ensuring that both parties maintain the confidentiality of sensitive data. 9. Governing Law: Determines the applicable law that governs the agreement, typically the laws of the state of Georgia. Different types of Fresh Water Purchase Agreements may exist based on the specific needs and preferences of the Landowner and Operator. These agreements could include variations in terms of water usage limits, duration, compensation structure, and environmental considerations. However, the short form agreement provides a basic framework that can be tailored to fit the specific requirements of both parties while ensuring clarity, fairness, and legal compliance.