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 South Dakota 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 a legal contract that governs the co-production of oil, gas, or other natural resources from multiple formations within a single well bore located in South Dakota. This agreement becomes necessary when the leasehold ownership of the involved parties varies based on the depth of the well. In South Dakota, there can be various 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. Some possible variations or categories of these agreements may include: 1. Specific-Depth Commingling Agreement: This type of agreement focuses on the co-production of specific formations at a particular depth, where the leasehold ownership varies among working owners. It outlines the sharing of costs, royalties, and responsibilities related to the production. 2. Multi-Zone Commingling Agreement: This agreement covers the production from multiple formations or zones within the well bore. It addresses the varying ownership rights and the distribution of production proceeds between the working owners. 3. Horizontal Commingling Agreement: When the well bore is horizontal and intersects different formations as it extends laterally, a horizontal commingling agreement is formulated. It defines the allocation and distribution of production from the different formations where the leasehold ownership may vary as per depth. 4. Depth-Based Commingling Agreement: This agreement categorizes the leasehold ownership rights and responsibilities based on the depth of the well bore. It establishes how the production from different formations at various depths should be commingled and distributed among the working owners. 5. Operator-Led Commingling Agreement: In this type of agreement, an operator takes the lead in overseeing the commingling process, ensuring compliance with regulations and guidelines. It outlines the obligations and roles of the operator, as well as the rights and expectations of the working owners. These are just some examples of the possible variations in South Dakota Commingling Agreements 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 to seek legal advice and draft a customized agreement that suits the specific circumstances and leasehold arrangements of the parties involved.A South Dakota 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 a legal contract that governs the co-production of oil, gas, or other natural resources from multiple formations within a single well bore located in South Dakota. This agreement becomes necessary when the leasehold ownership of the involved parties varies based on the depth of the well. In South Dakota, there can be various 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. Some possible variations or categories of these agreements may include: 1. Specific-Depth Commingling Agreement: This type of agreement focuses on the co-production of specific formations at a particular depth, where the leasehold ownership varies among working owners. It outlines the sharing of costs, royalties, and responsibilities related to the production. 2. Multi-Zone Commingling Agreement: This agreement covers the production from multiple formations or zones within the well bore. It addresses the varying ownership rights and the distribution of production proceeds between the working owners. 3. Horizontal Commingling Agreement: When the well bore is horizontal and intersects different formations as it extends laterally, a horizontal commingling agreement is formulated. It defines the allocation and distribution of production from the different formations where the leasehold ownership may vary as per depth. 4. Depth-Based Commingling Agreement: This agreement categorizes the leasehold ownership rights and responsibilities based on the depth of the well bore. It establishes how the production from different formations at various depths should be commingled and distributed among the working owners. 5. Operator-Led Commingling Agreement: In this type of agreement, an operator takes the lead in overseeing the commingling process, ensuring compliance with regulations and guidelines. It outlines the obligations and roles of the operator, as well as the rights and expectations of the working owners. These are just some examples of the possible variations in South Dakota Commingling Agreements 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 to seek legal advice and draft a customized agreement that suits the specific circumstances and leasehold arrangements of the parties involved.
