A farmout agreement is used when the "farmor" agrees to assign acreage to the "farmee" in return for the "farmee" performing specified drilling and testing obligations, with the "farmor" also reserving an interest in the acreage assigned and in the production from the wells drilled by the second company.
Virgin Islands Farmout Agreement - Short Form
Category:
State:
Multi-State
Control #:
US-OG-224
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Virgin Islands Farmout Agreement - Short Form?
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