This form is an agreement used when the Owner is the owner of oil and gas properties consisting of producing mineral, royalty, overriding royalty, and working interests, and/or leased and unleased nonproducing mineral and royalty interests, all collectively referred to in this Agreement as the Properties. Owner desires to engage the services of Manager to advise and assist Owner in the management of the Properties, and Manager is willing to undertake those responsibilities in accordance with this Agreement.
Oil Gas Service Agreement for Management of Properties
Category:
State:
Multi-State
Control #:
US-OG-629
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Oil Gas Service Agreement For Management Of Properties?
When it comes to drafting a legal document, it is better to leave it to the specialists. However, that doesn't mean you yourself can not find a sample to utilize. That doesn't mean you yourself cannot find a template to utilize, nevertheless. Download Oil Gas Service Agreement for Management of Properties straight from the US Legal Forms website. It offers a wide variety of professionally drafted and lawyer-approved documents and samples.
For full access to 85,000 legal and tax forms, users just have to sign up and select a subscription. After you are signed up with an account, log in, look for a particular document template, and save it to My Forms or download it to your gadget.
To make things easier, we’ve included an 8-step how-to guide for finding and downloading Oil Gas Service Agreement for Management of Properties promptly:
- Make sure the document meets all the necessary state requirements.
- If possible preview it and read the description before purchasing it.
- Hit Buy Now.
- Select the suitable subscription for your requirements.
- Make your account.
- Pay via PayPal or by credit/bank card.
- Select a preferred format if several options are available (e.g., PDF or Word).
- Download the file.
As soon as the Oil Gas Service Agreement for Management of Properties is downloaded you can fill out, print out and sign it in almost any editor or by hand. Get professionally drafted state-relevant papers in a matter of minutes in a preferable format with US Legal Forms!
Form popularity
FAQ
A Service Agreement, also sometimes called a General Services Agreement, is a document between a service provider and a client. Within these agreements, the service provider and client outline their expectations for behavior and agree to the bounds of the relationship between them.
Total operated basis: The total reserves or production associated with the wells operated by an individual operator. This is also commonly known as the "gross operated" or "8/8ths" basis.
Identify the customer and service provider. Describe the services being provided. Outline a payment schedule. Establish terms about confidentiality, non-solicitation, and non-competition. Address ownership of materials. Personalize your Service Agreement.
The purpose of the Agreement Management system is to record all transactions, track volume or amount balances, and determine whether you and your business partners are in compliance with the contracts' terms.
The following list includes the key provisions to look for when entering into a service agreement, including: payment, scope of services, amendment, termination, liability insurance, confidentiality, IP ownership, and choice of law/dispute resolution.
To calculate your oil and gas royalties, you would first divide 50 by 1,000, and then multiply this number by . 20, then by $5,004,000 for a gross royalty of $50,040. Once you calculate your gross royalty amount, compare it to the number you see on your royalty check stubs.
A description of the parties involved in the agreement. A description of the services to be performed. A description of fees and payment schedules. The effective date of the contract, when work will begin, and the terms under which it can be terminated. Include a place for signatures.
Master Service Agreement (MSA) a contract used by oil and gas companies to enter into an agreement in advance with their contractors that specifies the terms and conditions that will govern the contractors' work.
A Service Agreement is a contract - either written or verbal - which sets out the terms and conditions for service between a Customer and a Service Provider.A Service Agreement may sometimes be referred to as a contractor form, an independent contractor agreement, a contractor agreement or a freelance agreement.