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.
A Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth, is an important document in the oil and gas industry, specifically in the state of New Hampshire. This agreement allows multiple working interest owners who have varying leasehold ownership depths to combine their respective production from different formations within the same well bore. By comingling their production, the working owners can optimize the economic recovery of hydrocarbons while efficiently managing operations. Keywords: New Hampshire, Commingling Agreement, Working Owners, Production, Different Formations, Same Well Bore, Leasehold Ownership, Depth. In New Hampshire, there are different types of Commingling Agreements Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth. Two common types include: 1. Formation-Specific Commingling Agreement: This type of agreement allows working owners to combine production from specific formations within the same well bore. It provides flexibility for each working owner to contribute their production from different formations while maintaining the integrity and efficiency of the well. 2. Depth-Specific Commingling Agreement: In this type of agreement, working owners with varying leasehold depths agree to commingle their production based on specific depth intervals. It enables each owner to contribute their production from different formation depths, maximizing well productivity while ensuring fair allocation of hydrocarbon resources. The New Hampshire 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. Parties Involved: Identification of all working interest owners involved in the commingling agreement, specifying their leasehold ownership depths and respective formations. 2. Well Identification: Clear identification of the well bore and associated formations where commingling will occur. 3. Purpose and Scope: A statement outlining the objective of the agreement, which is to combine production from different formations within the same well bore to optimize hydrocarbon recovery and economic efficiency. 4. Production Allocation: Detailed guidelines on how the combined production will be allocated among the working owners. This may include percentages based on leasehold ownership depths or depth intervals. 5. Reporting and Auditing: Procedures for reporting and auditing production data to ensure accurate and transparent allocation of commingled production. 6. Responsibilities and Liabilities: Allocation of responsibilities, liabilities, and agreed-upon costs among the working owners for operations, maintenance, and any potential liabilities related to commingling activities. 7. Term and Termination: Duration of the agreement and conditions under which it may be terminated, ensuring flexibility and allowing for renegotiation or modification as needed. These are just some of the key elements that may be present in a New Hampshire Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth. It is essential for all parties involved to carefully review and negotiate the terms to protect their interests and ensure a mutually beneficial arrangement for optimizing production from the well.A Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth, is an important document in the oil and gas industry, specifically in the state of New Hampshire. This agreement allows multiple working interest owners who have varying leasehold ownership depths to combine their respective production from different formations within the same well bore. By comingling their production, the working owners can optimize the economic recovery of hydrocarbons while efficiently managing operations. Keywords: New Hampshire, Commingling Agreement, Working Owners, Production, Different Formations, Same Well Bore, Leasehold Ownership, Depth. In New Hampshire, there are different types of Commingling Agreements Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth. Two common types include: 1. Formation-Specific Commingling Agreement: This type of agreement allows working owners to combine production from specific formations within the same well bore. It provides flexibility for each working owner to contribute their production from different formations while maintaining the integrity and efficiency of the well. 2. Depth-Specific Commingling Agreement: In this type of agreement, working owners with varying leasehold depths agree to commingle their production based on specific depth intervals. It enables each owner to contribute their production from different formation depths, maximizing well productivity while ensuring fair allocation of hydrocarbon resources. The New Hampshire 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. Parties Involved: Identification of all working interest owners involved in the commingling agreement, specifying their leasehold ownership depths and respective formations. 2. Well Identification: Clear identification of the well bore and associated formations where commingling will occur. 3. Purpose and Scope: A statement outlining the objective of the agreement, which is to combine production from different formations within the same well bore to optimize hydrocarbon recovery and economic efficiency. 4. Production Allocation: Detailed guidelines on how the combined production will be allocated among the working owners. This may include percentages based on leasehold ownership depths or depth intervals. 5. Reporting and Auditing: Procedures for reporting and auditing production data to ensure accurate and transparent allocation of commingled production. 6. Responsibilities and Liabilities: Allocation of responsibilities, liabilities, and agreed-upon costs among the working owners for operations, maintenance, and any potential liabilities related to commingling activities. 7. Term and Termination: Duration of the agreement and conditions under which it may be terminated, ensuring flexibility and allowing for renegotiation or modification as needed. These are just some of the key elements that may be present in a New Hampshire Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth. It is essential for all parties involved to carefully review and negotiate the terms to protect their interests and ensure a mutually beneficial arrangement for optimizing production from the well.
