This form is used when the parties own undivided leasehold interests in the Lease as to depths from the surface of the ground to a Specific Depth. The parties acknowledge that the production from a well on the leasehold interest will be obtained from depths in which the ownership is not common. Thus, the parties find it necessary to enter into this Agreement to enable the parties to each be paid a proportionate part of the commingled production from the separate depths in which they own interests.
Wyoming has certain regulations in place for commingling agreements among working owners related to the production from different formations out of the same well bore, where leasehold ownership varies as to depth. Commingling refers to the process of combining the production from multiple formations within a single well bore. The Wyoming Commingle Agreement is designed to address situations where different lessees or working interest owners have varying rights to production from different depths or formations within a well bore. This agreement allows the working owners to efficiently combine the production from these different formations, maximizing resource recovery and reducing operational costs. There are primarily two types of Wyoming Commingling Agreements among working owners: 1. Depth-Based Commingling Agreement: This type of agreement is applicable when leasehold ownership varies based on depth, meaning that different owners have rights to specific formations at specific depths within the same well bore. The agreement outlines the procedures, responsibilities, and allocation of production among the working owners based on their respective leasehold ownership. 2. Formation-Based Commingling Agreement: In this case, leasehold ownership varies based on different formations rather than depth. Different working owners may have rights to specific formations within the same well bore. The commingling agreement defines the process and terms for combining production from these formations and ensures equitable distribution among the working owners. Both types of commingling agreements aim to facilitate the efficient production of hydrocarbons while respecting the rights and interests of the various working owners. These agreements often require detailed record-keeping, periodic reporting, and regular meetings to ensure transparency and compliance. Working owners involved in Wyoming commingling agreements must adhere to the state's regulations, which may include obtaining approval from the appropriate regulatory authority, submitting detailed well logs, and conforming to reporting requirements. Overall, Wyoming commingling agreements among working owners help optimize resource extraction, foster collaboration, and ensure fair distribution of production from different formations out of the same well bore, where leasehold ownership varies as to depth.Wyoming has certain regulations in place for commingling agreements among working owners related to the production from different formations out of the same well bore, where leasehold ownership varies as to depth. Commingling refers to the process of combining the production from multiple formations within a single well bore. The Wyoming Commingle Agreement is designed to address situations where different lessees or working interest owners have varying rights to production from different depths or formations within a well bore. This agreement allows the working owners to efficiently combine the production from these different formations, maximizing resource recovery and reducing operational costs. There are primarily two types of Wyoming Commingling Agreements among working owners: 1. Depth-Based Commingling Agreement: This type of agreement is applicable when leasehold ownership varies based on depth, meaning that different owners have rights to specific formations at specific depths within the same well bore. The agreement outlines the procedures, responsibilities, and allocation of production among the working owners based on their respective leasehold ownership. 2. Formation-Based Commingling Agreement: In this case, leasehold ownership varies based on different formations rather than depth. Different working owners may have rights to specific formations within the same well bore. The commingling agreement defines the process and terms for combining production from these formations and ensures equitable distribution among the working owners. Both types of commingling agreements aim to facilitate the efficient production of hydrocarbons while respecting the rights and interests of the various working owners. These agreements often require detailed record-keeping, periodic reporting, and regular meetings to ensure transparency and compliance. Working owners involved in Wyoming commingling agreements must adhere to the state's regulations, which may include obtaining approval from the appropriate regulatory authority, submitting detailed well logs, and conforming to reporting requirements. Overall, Wyoming commingling agreements among working owners help optimize resource extraction, foster collaboration, and ensure fair distribution of production from different formations out of the same well bore, where leasehold ownership varies as to depth.
