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.
Idaho Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore is a legal document that outlines the guidelines for joint production from multiple formations within a single well bore when leasehold ownership varies in terms of depth. The agreement aims to optimize the efficiency and profitability of oil and gas operations by allowing working interest owners to commingle production from different formations. In Idaho, there are different types of Commingling Agreements that can be established among working owners, depending on the specific requirements and circumstances. These may include: 1. Single-Formation Commingling Agreement: This type of agreement permits the commingling of production from different depths within a single formation. It is relevant when leasehold ownership varies only within one formation. 2. Multiple-Formation Commingling Agreement: This agreement allows the commingling of production from multiple formations within a single well bore. It is applicable when leasehold ownership varies at different depths across various formations. 3. Pooling Commingling Agreement: This agreement applies when multiple leasehold interests are pooled together to develop a common well and commingle production from various formations. It helps streamline operational processes and allows for more efficient resource recovery. The Idaho Commingling Agreement among working owners as to production from different formations out of the same well bore, where leasehold ownership varies as to depth, typically includes the following key provisions: 1. Purpose and Scope: Clearly defines the purpose of the agreement and its applicability to specific well bores and formations. 2. Definitions: Provides definitions for terms used within the agreement, such as "working owners," "formations," "production," and "well bore." 3. Ownership and Interests: Outlines the ownership interests of each working owner within the well bore and how it varies as to depth across different formations. 4. Commingling Operations: Details the procedures, technologies, and practices being followed for commingling production from multiple formations. 5. Allocation of Production: Describes the methodology for allocating and distributing commingled production among working owners, considering their respective ownership interests and contributions. 6. Reporting and Accounting: Specifies the requirements for data collection, reporting, and accounting of commingled production, including the frequency and format of reports. 7. Liability and Indemnification: Addresses the liability and indemnification obligations among working owners for any damages, losses, or claims arising from commingling operations. 8. Term and Termination: States the start and end dates of the agreement, as well as the conditions for termination or renewal. 9. Governing Law and Dispute Resolution: Identifies the governing law applicable to the agreement and prescribes the mechanism for resolving any disputes or disagreements that may arise. It is crucial to consult with legal professionals experienced in oil and gas law in Idaho to draft and customize the Commingling Agreement to suit the specific needs and circumstances of the working owners and the formations involved.Idaho Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore is a legal document that outlines the guidelines for joint production from multiple formations within a single well bore when leasehold ownership varies in terms of depth. The agreement aims to optimize the efficiency and profitability of oil and gas operations by allowing working interest owners to commingle production from different formations. In Idaho, there are different types of Commingling Agreements that can be established among working owners, depending on the specific requirements and circumstances. These may include: 1. Single-Formation Commingling Agreement: This type of agreement permits the commingling of production from different depths within a single formation. It is relevant when leasehold ownership varies only within one formation. 2. Multiple-Formation Commingling Agreement: This agreement allows the commingling of production from multiple formations within a single well bore. It is applicable when leasehold ownership varies at different depths across various formations. 3. Pooling Commingling Agreement: This agreement applies when multiple leasehold interests are pooled together to develop a common well and commingle production from various formations. It helps streamline operational processes and allows for more efficient resource recovery. The Idaho Commingling Agreement among working owners as to production from different formations out of the same well bore, where leasehold ownership varies as to depth, typically includes the following key provisions: 1. Purpose and Scope: Clearly defines the purpose of the agreement and its applicability to specific well bores and formations. 2. Definitions: Provides definitions for terms used within the agreement, such as "working owners," "formations," "production," and "well bore." 3. Ownership and Interests: Outlines the ownership interests of each working owner within the well bore and how it varies as to depth across different formations. 4. Commingling Operations: Details the procedures, technologies, and practices being followed for commingling production from multiple formations. 5. Allocation of Production: Describes the methodology for allocating and distributing commingled production among working owners, considering their respective ownership interests and contributions. 6. Reporting and Accounting: Specifies the requirements for data collection, reporting, and accounting of commingled production, including the frequency and format of reports. 7. Liability and Indemnification: Addresses the liability and indemnification obligations among working owners for any damages, losses, or claims arising from commingling operations. 8. Term and Termination: States the start and end dates of the agreement, as well as the conditions for termination or renewal. 9. Governing Law and Dispute Resolution: Identifies the governing law applicable to the agreement and prescribes the mechanism for resolving any disputes or disagreements that may arise. It is crucial to consult with legal professionals experienced in oil and gas law in Idaho to draft and customize the Commingling Agreement to suit the specific needs and circumstances of the working owners and the formations involved.
