This form creates an Area of Mutual Interest ( AMI ) comprising the Contract Area. During the term of this AMI, if any Party acquires all or any interest in any Oil and Gas Leases, any mineral interest, or any farmouts or other contracts which affect lands and minerals lying within the AMI, the Acquiring Party shall promptly advise each of the other Parties of the acquisition, at which time each Offeree shall have the right to acquire its proportionate interest in the Oil and Gas Interest.
Nebraska Area of Mutual Interest (AMI) is a term that refers to an agreement between multiple parties to explore and develop a specific geographic area for oil and gas exploration. An AMI is typically established when two or more entities, which can include oil and gas companies, landowners, or industry associations, recognize the potential for hydrocarbon resources within a particular region. The Nebraska Area of Mutual Interest allows these entities to work collaboratively and pool their resources to identify, acquire, and develop oil and gas reserves within the designated area. It serves as a framework for cooperation, giving participants exclusive rights to negotiate leases and conduct exploration activities within the AMI. Different types of Nebraska Area of Mutual Interest include: 1. Commercial AMI: This type of AMI is formed when the participating entities aim to undertake exploration and production activities with the primary objective of commercial gain. These AMIS are often established in areas where there is a high potential for significant hydrocarbon reserves. 2. Research AMI: In contrast to commercial AMIS, research AMIS are established primarily for scientific or environmental research purposes. They focus on studying the geology, reservoir characteristics, and environmental impacts within the AMI area. Research AMIS may involve universities, research organizations, and industry partners collaborating to better understand the resource potential and the impact of exploration activities on the surrounding ecosystem. 3. Development AMI: Development AMIS are formed when entities focus on developing known or discovered hydrocarbon reserves within the area. These AMIS are typically established after exploration activities have taken place, and the participating parties aim to collectively develop and exploit the discovered resources efficiently. Development AMIS often involve a combination of drilling new wells, enhancing existing infrastructure, and optimizing production techniques. Keywords: Nebraska, Area of Mutual Interest, oil and gas exploration, hydrocarbon resources, collaborative approach, exclusive rights, exploration activities, commercial AMI, research AMI, development AMI, commercial gain, scientific research, environmental research, geological study, reservoir characteristics, ecosystem impact, discovered resources, production techniques.Nebraska Area of Mutual Interest (AMI) is a term that refers to an agreement between multiple parties to explore and develop a specific geographic area for oil and gas exploration. An AMI is typically established when two or more entities, which can include oil and gas companies, landowners, or industry associations, recognize the potential for hydrocarbon resources within a particular region. The Nebraska Area of Mutual Interest allows these entities to work collaboratively and pool their resources to identify, acquire, and develop oil and gas reserves within the designated area. It serves as a framework for cooperation, giving participants exclusive rights to negotiate leases and conduct exploration activities within the AMI. Different types of Nebraska Area of Mutual Interest include: 1. Commercial AMI: This type of AMI is formed when the participating entities aim to undertake exploration and production activities with the primary objective of commercial gain. These AMIS are often established in areas where there is a high potential for significant hydrocarbon reserves. 2. Research AMI: In contrast to commercial AMIS, research AMIS are established primarily for scientific or environmental research purposes. They focus on studying the geology, reservoir characteristics, and environmental impacts within the AMI area. Research AMIS may involve universities, research organizations, and industry partners collaborating to better understand the resource potential and the impact of exploration activities on the surrounding ecosystem. 3. Development AMI: Development AMIS are formed when entities focus on developing known or discovered hydrocarbon reserves within the area. These AMIS are typically established after exploration activities have taken place, and the participating parties aim to collectively develop and exploit the discovered resources efficiently. Development AMIS often involve a combination of drilling new wells, enhancing existing infrastructure, and optimizing production techniques. Keywords: Nebraska, Area of Mutual Interest, oil and gas exploration, hydrocarbon resources, collaborative approach, exclusive rights, exploration activities, commercial AMI, research AMI, development AMI, commercial gain, scientific research, environmental research, geological study, reservoir characteristics, ecosystem impact, discovered resources, production techniques.
