This form provides for the reassignment of interests in the event a well is required to be drilled, deepened, reworked, plugged back, sidetracked, or recompleted, or any other operation that may be required in order to (1) continue a Lease or Leases in force and effect, or (2) maintain a unitized area or any portion of it in and to any Oil and/or Gas and other interest which may be owned by a third party or which, failing in the operation, may revert to a third party, or (3) comply with an order issued by a regulatory body
Idaho Provisions for JOB 82 Revised is a legal document that outlines the rules, regulations, and provisions for the Joint Operating Agreement (JOB) in the state of Idaho. This agreement governs the joint activities and operations of multiple parties involved in oil and gas exploration and production projects. The JOB 82 Revised is an updated version of the original JOB 82, designed to provide more clarity and address any potential gaps or ambiguities in the previous agreement. It enhances the efficiency, effectiveness, and legality of joint operations, providing a comprehensive framework for all involved parties. The key keywords related to Idaho Provisions for JOB 82 Revised are: 1. Joint Operating Agreement: A legal contract through which multiple parties pool their resources, expertise, and capital to jointly operate an oil or gas project. 2. Idaho: Referring to the state of Idaho, located in the northwestern United States, renowned for its rich natural resources, including oil and gas. 3. Provisions: Specific terms, conditions, and clauses outlined in the agreement that dictate the rights, obligations, and responsibilities of each party involved. 4. Revised: Denotes that the JOB 82 has been reviewed, updated, and modified to improve its effectiveness, address existing issues, and align with current legal standards or industry practices. 5. Oil and Gas: The primary focus of the JOB, denoting the exploration, production, and distribution of oil and gas resources. Different types of Idaho Provisions for JOB 82 Revised may include variations based on the specific project and parties involved. These variations can reflect diverse factors such as the location of the project, the nature of the resources being explored or extracted, or the unique circumstances of the parties involved. It is essential to consult legal professionals or experts familiar with the specific Idaho Provisions for JOB 82 Revised to obtain accurate and up-to-date information tailored to the specific circumstances or project at hand.
