South Dakota Exhibit A to Operating Agreement - Contract Area and Parties - Form 2

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-740
• Format: Word; Rich Text

Description

This operating agreement exhibit contain contract area information, working interest percentages, and a description of leasehold and oil and gas interests. South Dakota Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2 is a legal document that plays a crucial role in outlining specific details regarding the contract area and the involved parties in an operating agreement in South Dakota. This document helps establish clarity and fairness, ensuring all parties are on the same page regarding their rights, responsibilities, and obligations. Below is a detailed description of the South Dakota Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2, along with its possible variations: 1. Purpose: The purpose of the South Dakota Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2 is to delineate the boundaries and provide a comprehensive description of the contract area within South Dakota where the operating agreement will be executed. It also identifies all the parties involved, including their roles and responsibilities. 2. Contract Area Description: This section of the document provides a detailed description of the physical boundaries, geographical location, and any other necessary information related to the contract area. It may include land survey records, legal descriptions, coordinates, landmarks, or any other pertinent information to ensure a clear definition of the designated contract area. 3. Parties: The South Dakota Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2 lists all the involved parties, highlighting their legal names, addresses, and contact information. This section ensures the identification of all parties participating in the operating agreement and the delineation of their roles, such as the operator, non-operators, or other stakeholders. 4. Variations: Though the standard form is referred to as Form 2, variations may exist depending on the specific requirements or provisions of each operating agreement. These variations may include: a. Supplementary Information: In some cases, additional information may be required to support the operating agreement. This can include attachments, exhibits, or schedules that provide further details about the contract area or the parties involved. b. Appendixes or Appendices: In complex operating agreements, there might be appendixes or appendices that are considered part of South Dakota Exhibit A. These supplementary documents can contain specific terms, conditions, or any additional agreements between the parties. c. Amendments: If any amendments or modifications are made to the South Dakota Exhibit A, they should be clearly identified and attached to the document. This ensures transparency and avoids confusion regarding any changes made to the original agreement. In conclusion, the South Dakota Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2 is a vital component of an operating agreement in South Dakota. It defines the contract area and lists all parties involved, ensuring a clear and comprehensive understanding of the agreement terms. Variations may exist depending on the specific requirements of each agreement, including supplementary information, appendixes, appendices, or amendments.

South Dakota Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2 is a legal document that plays a crucial role in outlining specific details regarding the contract area and the involved parties in an operating agreement in South Dakota. This document helps establish clarity and fairness, ensuring all parties are on the same page regarding their rights, responsibilities, and obligations. Below is a detailed description of the South Dakota Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2, along with its possible variations: 1. Purpose: The purpose of the South Dakota Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2 is to delineate the boundaries and provide a comprehensive description of the contract area within South Dakota where the operating agreement will be executed. It also identifies all the parties involved, including their roles and responsibilities. 2. Contract Area Description: This section of the document provides a detailed description of the physical boundaries, geographical location, and any other necessary information related to the contract area. It may include land survey records, legal descriptions, coordinates, landmarks, or any other pertinent information to ensure a clear definition of the designated contract area. 3. Parties: The South Dakota Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2 lists all the involved parties, highlighting their legal names, addresses, and contact information. This section ensures the identification of all parties participating in the operating agreement and the delineation of their roles, such as the operator, non-operators, or other stakeholders. 4. Variations: Though the standard form is referred to as Form 2, variations may exist depending on the specific requirements or provisions of each operating agreement. These variations may include: a. Supplementary Information: In some cases, additional information may be required to support the operating agreement. This can include attachments, exhibits, or schedules that provide further details about the contract area or the parties involved. b. Appendixes or Appendices: In complex operating agreements, there might be appendixes or appendices that are considered part of South Dakota Exhibit A. These supplementary documents can contain specific terms, conditions, or any additional agreements between the parties. c. Amendments: If any amendments or modifications are made to the South Dakota Exhibit A, they should be clearly identified and attached to the document. This ensures transparency and avoids confusion regarding any changes made to the original agreement. In conclusion, the South Dakota Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2 is a vital component of an operating agreement in South Dakota. It defines the contract area and lists all parties involved, ensuring a clear and comprehensive understanding of the agreement terms. Variations may exist depending on the specific requirements of each agreement, including supplementary information, appendixes, appendices, or amendments.