North Dakota Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations - Long Form

• Category: Oil Gas and Minerals - Water
• State: Multi-State
• Control #: US-OG-159
• Format: Word; Rich Text

Description

This form is an agreement between parties providing for the sale of water to a lessee for use in secondary recovery operations. The North Dakota Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form is a legally binding document that outlines the terms and conditions surrounding the purchase, distribution, and use of fresh water by an operator for secondary recovery operations in North Dakota. This agreement serves as a vital tool for landowners and operators to establish a comprehensive understanding of their rights, obligations, and responsibilities in the exploration and extraction of natural resources. Key components of this agreement include: 1. Parties: Identifies the landowner(s) and operator(s) involved in the agreement, along with their contact information, legal names, and relevant company details. 2. Definitions: Clearly defines terms and phrases used throughout the agreement to eliminate any potential confusion or misinterpretation. 3. Purpose: Outlines the specific purpose of the agreement, which is the acquisition, purchase, and utilization of fresh water for secondary recovery operations in North Dakota. 4. Water Source and Quantity: Specifies the water source(s) from which the operator can extract fresh water, ensuring compliance with environmental regulations and sustainable usage practices. It also details the maximum quantity of water that can be purchased and delivered to the operator by the landowner. 5. Delivery and Quality: Specifies the terms regarding the delivery, transportation, and quality assurance of the purchased fresh water. It includes details on transportation responsibilities, delivery locations, quality testing, and insurance coverage. 6. Payment and Price: Sets forth the payment terms and pricing structure for the purchase and delivery of fresh water. This section outlines the payment frequency, payment methods, and any applicable late payment penalties. 7. Term and Termination: Defines the duration of the agreement and highlights circumstances that may lead to its early termination, such as breach of contract or default. It also details any applicable provisions for renewal or extension of the agreement. 8. Indemnification and Liability: Clarifies the responsibilities of both the landowner and the operator regarding any damage, loss, or injury resulting from the use or transportation of fresh water. It also outlines insurance requirements and specifies the indemnification process. Types of North Dakota Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form: 1. Standard Agreement: This is the most commonly used agreement that covers the typical terms and conditions for the purchase and use of fresh water in secondary recovery operations. 2. Customized Agreement: In certain cases, landowners and operators may opt for a customized agreement tailored to their specific needs, such as unique water sources, volume requirements, or additional clauses addressing specific concerns or conditions. 3. Renewable Agreement: This type of agreement includes provisions for renewing the contract at the end of its term, allowing the landowner and operator to continue their business relationship without the need for renegotiation. 4. Termination Agreement: If either party wishes to terminate the agreement before its scheduled end date, this specific agreement outlines the terms and conditions for an early termination, including any penalties, procedures, or notice periods involved. Regardless of the type, a North Dakota Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form is essential for defining the expectations and obligations between the parties involved, ensuring a transparent and mutually beneficial collaboration.

The North Dakota Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form is a legally binding document that outlines the terms and conditions surrounding the purchase, distribution, and use of fresh water by an operator for secondary recovery operations in North Dakota. This agreement serves as a vital tool for landowners and operators to establish a comprehensive understanding of their rights, obligations, and responsibilities in the exploration and extraction of natural resources. Key components of this agreement include: 1. Parties: Identifies the landowner(s) and operator(s) involved in the agreement, along with their contact information, legal names, and relevant company details. 2. Definitions: Clearly defines terms and phrases used throughout the agreement to eliminate any potential confusion or misinterpretation. 3. Purpose: Outlines the specific purpose of the agreement, which is the acquisition, purchase, and utilization of fresh water for secondary recovery operations in North Dakota. 4. Water Source and Quantity: Specifies the water source(s) from which the operator can extract fresh water, ensuring compliance with environmental regulations and sustainable usage practices. It also details the maximum quantity of water that can be purchased and delivered to the operator by the landowner. 5. Delivery and Quality: Specifies the terms regarding the delivery, transportation, and quality assurance of the purchased fresh water. It includes details on transportation responsibilities, delivery locations, quality testing, and insurance coverage. 6. Payment and Price: Sets forth the payment terms and pricing structure for the purchase and delivery of fresh water. This section outlines the payment frequency, payment methods, and any applicable late payment penalties. 7. Term and Termination: Defines the duration of the agreement and highlights circumstances that may lead to its early termination, such as breach of contract or default. It also details any applicable provisions for renewal or extension of the agreement. 8. Indemnification and Liability: Clarifies the responsibilities of both the landowner and the operator regarding any damage, loss, or injury resulting from the use or transportation of fresh water. It also outlines insurance requirements and specifies the indemnification process. Types of North Dakota Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form: 1. Standard Agreement: This is the most commonly used agreement that covers the typical terms and conditions for the purchase and use of fresh water in secondary recovery operations. 2. Customized Agreement: In certain cases, landowners and operators may opt for a customized agreement tailored to their specific needs, such as unique water sources, volume requirements, or additional clauses addressing specific concerns or conditions. 3. Renewable Agreement: This type of agreement includes provisions for renewing the contract at the end of its term, allowing the landowner and operator to continue their business relationship without the need for renegotiation. 4. Termination Agreement: If either party wishes to terminate the agreement before its scheduled end date, this specific agreement outlines the terms and conditions for an early termination, including any penalties, procedures, or notice periods involved. Regardless of the type, a North Dakota Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form is essential for defining the expectations and obligations between the parties involved, ensuring a transparent and mutually beneficial collaboration.