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Joint Operating Agreement 89-03 Revised

South Dakota Joint Operating Agreement 89-03 Revised

Name: South Dakota Joint Operating Agreement 89-03 Revised
Brand: US Legal Forms
Rating: 4.88 (211 reviews)

Category:

Oil Gas and Minerals - Agreements

State:

Multi-State

Control #:

US-OG-759

Format:

Instant download

Description

This operating agreement is used when the Parties to this Agreement are owners of Oil and Gas Leases and/or Oil and Gas Interests in the lands identified in Exhibit A to the Agreement. The Parties have reached an agreement to explore and develop the Leases and/or Oil and Gas Interests for the production of Oil and Gas to the extent and as provided for in this Agreement.

The South Dakota Joint Operating Agreement 89-03 Revised is a legal document that outlines the collaboration and cooperation between multiple parties in relation to oil and gas operations in South Dakota. This agreement serves as a framework to govern the exploration, development, production, and abandonment of oil and gas resources within the designated area. Keywords: South Dakota, Joint Operating Agreement 89-03 Revised, legal document, collaboration, cooperation, oil and gas operations, exploration, development, production, abandonment, resources. There are no specific variations or types of the South Dakota Joint Operating Agreement 89-03 Revised mentioned in available references. The revision number 89-03 indicates that it might have undergone some updates or amendments over time, but further information on specific types or variations of this agreement in South Dakota is not readily available.

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How to fill out South Dakota Joint Operating Agreement 89-03 Revised?

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FAQ

A Joint Venture (JV) is the name given to a business formed by different companies that come together for a particular business. These parties enter into a Joint Operating Agreement (JOA) that binds them together. A JV is established for a specific purpose.

Joint operating agreements are contractual agreements between one party identified as the operator and at least one other party known as a non-operator which requires the operator to drill the initial obligatory well, and the non-operator to pay its proportionate share of the operating expenses.

Joint Operating Agreements ("JOAs") are often used in capital-intensive resource industries by parties who wish to re- strict their exposure, particularly in limiting costs or liability.

In the health care industry, hospitals may form a JOA to provide a stronger financial structure. The JOA, also known in this industry as a virtual merger, allows the hospitals to retain separate boards of directors but turns over management to a separate company.

The JOA is a contract where two or more parties agree to undertake a common task to explore and exploit an area for hydrocarbons. The parties to the agreement can be broadly classified as operators and non-operators. The operator is the one who is responsible for the day-to-day management and operation of the field.

A joint operating agreement is a legal document that outlines the relationship between two or more businesses who jointly operate a business. When one company partners with another, they are typically signing this type of contract to ensure their business interests are protected.

The JOA serves several purposes, including identifying the property interests of the parties in the mineral lease, designating the party that is to act as operator, and setting forth the method for sharing expenses and for the allocation of liability for the oil and gas exploration and production operations.

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3. The JOA 89-03 Revised Agreement. This form includes the revisions and additions contained in the JOA '89 Revised Agreement form, and includes several ... THIS AGREEMENT (“Agreement”) is between New Dominion, LLC (“NDL”), designated and referred to as “Operator,” and the signatory Party or parties other than ...by A Ritchie · 2018 · Cited by 1 — These papers emphasize the functional aspects of the JOA [that] commit the parties to participate in and share expenses for, and production from, joint ... THIS AGREEMENT, entered into by and between Haas Petroleum, LLC, hereinafter designated and referred to as “Operator,” and the signatory party or parties other ... This collection of forms is divided into 7 topical sections, with 78 forms. The standard operating agreement forms have eliminated all the legalese to make ... South Dakota. Tennessee. Texas. Utah. Virginia. West Virginia. Wyoming. Page 2 ... Joint Operating Agreement 89-03 Revised. Administrative Services Agreement. Sep 1, 2023 — A JOA provides the contractual basis for the cooperative exploration, development, and production of oil and gas properties among multiple ... timely submit a complete and accurate water use report under North Dakota Century Code ... must be handled in accordance with North Dakota Administrative Code ... Jan 18, 1989 — Documents are on file for public inspection in the Office of the Federal Register the day before they are published, unless earlier filing ... Oct 12, 1989 — Documents are on file for public inspection in the Office of the Federal Register the day before they are published, unless earlier filing ...

South Dakota Joint Operating Agreement 89-03 Revised

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What is the difference between joint venture agreement and joint operating agreement?

Who are the parties in joint operating agreement?

What is the purpose of joint operating agreements?

What is a joint operating agreement in healthcare?

Who are the parties to a joint operating agreement?

What is a joint operating agreement between two companies?

What does a JOA joint operating agreement do?

What is a joint operating agreement?

Interesting Questions

What is a Joint Operating Agreement (JOA)?

What is the purpose of a Joint Operating Agreement?

What is the Joint Operating Agreement 89-03 Revised?

Who typically enters into a Joint Operating Agreement?

What are the key provisions covered in a Joint Operating Agreement?

What is the significance of the Joint Operating Agreement 89-03 Revised?

What should I consider before entering into a Joint Operating Agreement?

Can the terms of a Joint Operating Agreement be negotiated?

What happens if there is a dispute under a Joint Operating Agreement?

How long does a Joint Operating Agreement remain in effect?

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