This operating agreement is used when the parties to the Agreement are owners of oil and gas leases and/or oil and gas interests in the land identified in Exhibit A to the agreement, and have reached an agreement to explore and develop these leases and/or oil and gas interests for the production of oil and gas to the extent and as provided for in this Agreement.
The Kentucky Joint Operating Agreement 82 Revised is a legal document that outlines the framework for collaboration and coordination among different parties involved in oil and gas operations in Kentucky. This agreement sets forth the rights, responsibilities, and obligations of the participating parties and governs their activities in the exploration, development, and production processes. Keywords: Kentucky, Joint Operating Agreement, 82 Revised, oil and gas operations, collaboration, coordination, rights, responsibilities, obligations, exploration, development, production. The Kentucky Joint Operating Agreement 82 Revised is specifically designed to address the unique requirements and regulations of the state of Kentucky. It ensures that oil and gas operations comply with the relevant laws and are executed efficiently and cost-effectively. To cater to specific circumstances or needs, there may be a few different variations of the Kentucky Joint Operating Agreement 82 Revised. These variations include: 1. Kentucky Joint Operating Agreement 82A Revised: This variant of the agreement may include additional provisions or modifications that are specific to certain geographical areas within Kentucky. It acknowledges the distinct characteristics and challenges associated with different regions. 2. Kentucky Joint Operating Agreement 82B Revised: This version of the agreement may cater to joint operations involving unconventional oil and gas resources, such as shale gas or tight oil. It addresses the operational intricacies associated with the extraction of these resources and ensures compliance with the state's regulations. 3. Kentucky Joint Operating Agreement 82C Revised: This variation considers joint operations that involve offshore drilling activities in Kentucky's waters. It incorporates specific provisions regarding safety, environmental protection, and guidelines for drilling in marine ecosystems. Each variant of the Kentucky Joint Operating Agreement 82 Revised serves a particular purpose, adapting to the diverse circumstances encountered in the oil and gas industry in the state. These agreements play a vital role in establishing clear guidelines for cooperation between different stakeholders, minimizing conflicts, and promoting efficient resource utilization while adhering to the regulatory framework.
