Wyoming Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations - Long Form

• Category: Oil Gas and Minerals - Water
• State: Multi-State
• Control #: US-OG-159
• Format: Word; Rich Text

Description

This form is an agreement between parties providing for the sale of water to a lessee for use in secondary recovery operations. Wyoming Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form is a contractual agreement that outlines the legally binding terms and conditions regarding the purchase and utilization of fresh water resources for secondary recovery operations in the state of Wyoming. This agreement serves as a critical document for landowners and operators involved in the oil and gas industry, allowing them to establish a clear understanding of their rights, responsibilities, and obligations. Key provisions included in this long-form agreement may cover the following: 1. Parties Involved: Clearly states the names and contact information of the landowner(s) and the operator(s) engaging in the agreement. 2. Purpose: Describes the intent of the agreement, emphasizing that it is specifically for the procurement and usage of fresh water in secondary recovery operations, particularly in the oil and gas industry, within Wyoming. 3. Water Rights and Ownership: Specifies the legal ownership and rights to the fresh water resources being purchased, ensuring that the landowner holds the required permits or licenses to sell or lease the water for secondary recovery purposes. 4. Quantity and Quality of Water: Details the specific volume of water (measured in acre-feet, gallons, etc.) to be supplied by the landowner to the operator, along with any necessary quality standards to ensure the water is suitable for the intended use. 5. Delivery and Transportation: Outlines the logistics related to the delivery, transportation, and responsible party for associated costs, e.g., piping, pumping, maintenance, or other necessary infrastructure to ensure the water's transportation from the source to the operator's designated location. 6. Payment Terms: Specifies the compensation structure, including the payment amount, schedule, and acceptable modes of payment, such as lump sum payments or periodic installments, for the purchased fresh water resources. 7. Duration and Termination: Defines the duration of the agreement, from its effective date to the end date, and outlines the terms for early termination (if applicable) along with provisions for extensions or renewals if both parties wish to continue the agreement beyond its initial term. 8. Indemnification and Liability: Determines the responsibilities and potential liabilities of both the landowner and operator, ensuring that each party is accountable for any damages, injuries, or environmental consequences resulting from the usage or transportation of the fresh water. 9. Dispute Resolution: Establishes a framework for resolving any potential disagreements or disputes that may arise between the landowner and operator, including provisions for arbitration or mediation before resorting to litigation. 10. Governing Law: Specifies the governing jurisdiction and legal framework under which the agreement is interpreted, which typically aligns with the laws of the state of Wyoming. It's important to note that while the long-form agreement provides a comprehensive and detailed framework for the purchase and use of fresh water in secondary recovery operations in Wyoming, variations or tailored versions of this agreement may exist to accommodate the specific needs, requirements, and objectives of the involved parties.

Wyoming Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form is a contractual agreement that outlines the legally binding terms and conditions regarding the purchase and utilization of fresh water resources for secondary recovery operations in the state of Wyoming. This agreement serves as a critical document for landowners and operators involved in the oil and gas industry, allowing them to establish a clear understanding of their rights, responsibilities, and obligations. Key provisions included in this long-form agreement may cover the following: 1. Parties Involved: Clearly states the names and contact information of the landowner(s) and the operator(s) engaging in the agreement. 2. Purpose: Describes the intent of the agreement, emphasizing that it is specifically for the procurement and usage of fresh water in secondary recovery operations, particularly in the oil and gas industry, within Wyoming. 3. Water Rights and Ownership: Specifies the legal ownership and rights to the fresh water resources being purchased, ensuring that the landowner holds the required permits or licenses to sell or lease the water for secondary recovery purposes. 4. Quantity and Quality of Water: Details the specific volume of water (measured in acre-feet, gallons, etc.) to be supplied by the landowner to the operator, along with any necessary quality standards to ensure the water is suitable for the intended use. 5. Delivery and Transportation: Outlines the logistics related to the delivery, transportation, and responsible party for associated costs, e.g., piping, pumping, maintenance, or other necessary infrastructure to ensure the water's transportation from the source to the operator's designated location. 6. Payment Terms: Specifies the compensation structure, including the payment amount, schedule, and acceptable modes of payment, such as lump sum payments or periodic installments, for the purchased fresh water resources. 7. Duration and Termination: Defines the duration of the agreement, from its effective date to the end date, and outlines the terms for early termination (if applicable) along with provisions for extensions or renewals if both parties wish to continue the agreement beyond its initial term. 8. Indemnification and Liability: Determines the responsibilities and potential liabilities of both the landowner and operator, ensuring that each party is accountable for any damages, injuries, or environmental consequences resulting from the usage or transportation of the fresh water. 9. Dispute Resolution: Establishes a framework for resolving any potential disagreements or disputes that may arise between the landowner and operator, including provisions for arbitration or mediation before resorting to litigation. 10. Governing Law: Specifies the governing jurisdiction and legal framework under which the agreement is interpreted, which typically aligns with the laws of the state of Wyoming. It's important to note that while the long-form agreement provides a comprehensive and detailed framework for the purchase and use of fresh water in secondary recovery operations in Wyoming, variations or tailored versions of this agreement may exist to accommodate the specific needs, requirements, and objectives of the involved parties.