This operating agreement is used when the parties to the Agreement are owners of oil and gas leases and/or oil and gas interests in the land identified in Exhibit A to the agreement, and have reached an agreement to explore and develop these 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 Washington Joint Operating Agreement 82 Revised (JOB 82) is a legal agreement used in the oil and gas industry in the state of Washington. It establishes the framework for joint operations and outlines the rights, responsibilities, and obligations of the participating parties. This comprehensive agreement is crucial to facilitate cooperative exploration, development, and production activities. The Washington JOB 82 Revised governs collaboration between multiple parties, typically including operators, non-operators, working interest owners, and investors. It is designed to ensure the efficient and profitable operation of oil and gas projects, while protecting the interests of all stakeholders involved. The agreement provides guidelines for decision-making, cost-sharing, risk allocation, dispute resolution, and the sharing of benefits derived from the joint operations. Under the Washington JOB 82 Revised, there are variations tailored to specific project requirements and circumstances. These may include extension provisions, amendments, and supplementary agreements. The different types of Washington JOB 82 Revised may have specialized provisions addressing unique concerns, such as offshore drilling, environmental regulations, or unconventional resource extraction. One notable variation is the Washington JOB 82A, which focuses on the exploration and production of offshore oil and gas resources. It incorporates additional clauses related to maritime regulations, environmental protection, and operational safety measures specific to offshore operations. The Washington JOB 82B, on the other hand, may be used for joint operations involving the extraction of unconventional resources like shale gas or oil sands. The primary goal of the Washington Joint Operating Agreement 82 Revised, irrespective of its specific type, is to establish a clear and transparent framework for collaboration, ensuring effective communication, risk management, and equitable sharing of costs and revenues. This agreement encourages cooperation among industry players and promotes responsible resource development in compliance with relevant state and federal regulations. In summary, the Washington JOB 82 Revised is an essential legal instrument in the oil and gas industry, enabling joint operations between multiple parties. Its various types cater to specific project needs, such as offshore drilling or unconventional resource extraction. By providing a comprehensive framework, the Washington JOB 82 Revised fosters cooperation, mitigates risks, and promotes sustainable development in the oil and gas sector.
The Washington Joint Operating Agreement 82 Revised (JOB 82) is a legal agreement used in the oil and gas industry in the state of Washington. It establishes the framework for joint operations and outlines the rights, responsibilities, and obligations of the participating parties. This comprehensive agreement is crucial to facilitate cooperative exploration, development, and production activities. The Washington JOB 82 Revised governs collaboration between multiple parties, typically including operators, non-operators, working interest owners, and investors. It is designed to ensure the efficient and profitable operation of oil and gas projects, while protecting the interests of all stakeholders involved. The agreement provides guidelines for decision-making, cost-sharing, risk allocation, dispute resolution, and the sharing of benefits derived from the joint operations. Under the Washington JOB 82 Revised, there are variations tailored to specific project requirements and circumstances. These may include extension provisions, amendments, and supplementary agreements. The different types of Washington JOB 82 Revised may have specialized provisions addressing unique concerns, such as offshore drilling, environmental regulations, or unconventional resource extraction. One notable variation is the Washington JOB 82A, which focuses on the exploration and production of offshore oil and gas resources. It incorporates additional clauses related to maritime regulations, environmental protection, and operational safety measures specific to offshore operations. The Washington JOB 82B, on the other hand, may be used for joint operations involving the extraction of unconventional resources like shale gas or oil sands. The primary goal of the Washington Joint Operating Agreement 82 Revised, irrespective of its specific type, is to establish a clear and transparent framework for collaboration, ensuring effective communication, risk management, and equitable sharing of costs and revenues. This agreement encourages cooperation among industry players and promotes responsible resource development in compliance with relevant state and federal regulations. In summary, the Washington JOB 82 Revised is an essential legal instrument in the oil and gas industry, enabling joint operations between multiple parties. Its various types cater to specific project needs, such as offshore drilling or unconventional resource extraction. By providing a comprehensive framework, the Washington JOB 82 Revised fosters cooperation, mitigates risks, and promotes sustainable development in the oil and gas sector.
