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.
Iowa 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 outlines the terms and conditions for oil and gas production in Iowa. This agreement is specifically designed to address situations where the ownership of the leasehold varies as per different formations and depths within the same well bore. Keywords: Iowa, Commingling Agreement, Working Owners, Production, Different Formations, Same Well Bore, Leasehold Ownership, Depth. Types of Iowa Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth: 1. Formation-Based Commingling Agreement: This type of agreement is specifically focused on the commingling of oil and gas production from different formations within the same well bore. It addresses the ownership rights and responsibilities of working owners based on the specific formations they have leased. 2. Depth-Based Commingling Agreement: This type of agreement pertains to situations where the ownership of the leasehold varies depending on the depth at which the formations are located within the same well bore. It establishes guidelines for working owners regarding their rights and obligations concerning production at different depths. 3. Combined Formation and Depth Commingling Agreement: This comprehensive agreement covers both formation-based and depth-based commingling scenarios. It outlines the rights and responsibilities of working owners according to the specific formations and depths they have leased within the shared well bore. In general, the Iowa Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth ensures that all parties involved in oil and gas production operate in a fair and efficient manner. It establishes clear guidelines for the co-management, distribution, and accounting of production volumes from distinct formations or depths within a shared well bore, while also addressing the variable leasehold ownership.Iowa 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 outlines the terms and conditions for oil and gas production in Iowa. This agreement is specifically designed to address situations where the ownership of the leasehold varies as per different formations and depths within the same well bore. Keywords: Iowa, Commingling Agreement, Working Owners, Production, Different Formations, Same Well Bore, Leasehold Ownership, Depth. Types of Iowa Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth: 1. Formation-Based Commingling Agreement: This type of agreement is specifically focused on the commingling of oil and gas production from different formations within the same well bore. It addresses the ownership rights and responsibilities of working owners based on the specific formations they have leased. 2. Depth-Based Commingling Agreement: This type of agreement pertains to situations where the ownership of the leasehold varies depending on the depth at which the formations are located within the same well bore. It establishes guidelines for working owners regarding their rights and obligations concerning production at different depths. 3. Combined Formation and Depth Commingling Agreement: This comprehensive agreement covers both formation-based and depth-based commingling scenarios. It outlines the rights and responsibilities of working owners according to the specific formations and depths they have leased within the shared well bore. In general, the Iowa Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth ensures that all parties involved in oil and gas production operate in a fair and efficient manner. It establishes clear guidelines for the co-management, distribution, and accounting of production volumes from distinct formations or depths within a shared well bore, while also addressing the variable leasehold ownership.
