This form creates an Area of Mutual Interest ( AMI ) comprising the Contract Area. During the term of this AMI, if any Party acquires all or any interest in any Oil and Gas Leases, any mineral interest, or any farmouts or other contracts which affect lands and minerals lying within the AMI, the Acquiring Party shall promptly advise each of the other Parties of the acquisition, at which time each Offeree shall have the right to acquire its proportionate interest in the Oil and Gas Interest.
Washington Area of Mutual Interest, also known as SWAMI, refers to a regional framework established to promote cooperation and collaboration among several states in the Pacific Northwest region of the United States. SWAMI comprises Washington state, along with Alaska, Montana, and Idaho. This regional partnership brings together these states to address common challenges, leverage shared resources, and foster economic development in the region. The primary aim of SWAMI is to facilitate coordination and information sharing among member states, promoting joint efforts in areas such as natural resource management, transportation, infrastructure, and emergency response. SWAMI serves as a platform for these states to collaborate on addressing issues that transcend state borders and require a collective approach. Within the SWAMI framework, several areas of mutual interest have been identified, wherein the member states work together to achieve common objectives. Some prominent types of Washington Area of Mutual Interest include: 1. Natural Resource Management: SWAMI encourages the states to collaborate on issues related to the management and conservation of their shared natural resources, such as forests, rivers, and wildlife. This includes coordinated efforts for sustainable forestry practices, wildlife conservation, and protection of the region's biodiversity. 2. Transportation and Infrastructure: SWAMI facilitates joint initiatives to improve transportation systems and infrastructure in the Pacific Northwest region. This includes the development of efficient road networks, railways, airports, and ports, ensuring seamless connectivity and promoting economic growth. 3. Energy and Environment: SWAMI supports collaboration among member states to advance the production and utilization of clean and renewable energy sources. It encourages the sharing of best practices and technologies for sustainable energy development, as well as the implementation of environmentally friendly policies to mitigate climate change impacts. 4. Emergency Management: SWAMI enables effective emergency response coordination among member states in the event of natural disasters, including wildfires, earthquakes, and severe storms. This includes joint training exercises, resource sharing, and information exchange to enhance the region's overall preparedness and response capabilities. 5. Economic Development: SWAMI fosters collaboration on economic development initiatives, aiming to attract investments, boost trade, and create employment opportunities across the Pacific Northwest region. Member states work together to identify unique economic strengths, explore growth prospects, and support entrepreneurial activities. By pooling resources, expertise, and knowledge, the member states of SWAMI strive to achieve sustainable development, address common challenges, and collectively enhance the quality of life in the Pacific Northwest region. This regional partnership serves as a testament to the power of collaboration and cooperation in achieving shared goals.
