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.
Wyoming Area of Mutual Interest (SWAMI) is a term used in the oil and gas industry to describe a specific geographic area where multiple companies or entities have joint interests in sharing data, resources, and technology to explore and develop hydrocarbon reserves. It is typically characterized by the existence of common geological formations, favorable exploration and production potential, and collaborative efforts among the participating parties. In Wyoming, there are several distinct types of Areas of Mutual Interest (AMIS) based on different regions or geological formations, each offering unique opportunities for oil and gas exploration and production. Some notable examples include: 1. Powder River Basin SWAMI: This AMI encompasses the Powder River Basin region in northeastern Wyoming, known for its vast coaled methane reserves and conventional oil and gas deposits. The AMI promotes collaboration among the participating companies to exchange data, conduct joint research, and optimize drilling and production techniques. 2. Green River Basin SWAMI: Located in southwestern Wyoming, the Green River Basin AMI is renowned for its significant natural gas reserves, mainly trapped in tight formations like the Marcos Shale and the Greater Green River Basin. The participants in this AMI work together to leverage their expertise and technologies to tackle the challenges associated with extracting natural gas from these unconventional reservoirs. 3. Wind River Basin SWAMI: This AMI focuses on the Wind River Basin, situated in west-central Wyoming. It is recognized for its potential in conventional oil and gas exploration as well as cutting-edge technologies like enhanced oil recovery and carbon capture utilization and storage. The SWAMI facilitates knowledge sharing and the pooling of resources to maximize the economic and environmental benefits of these unique opportunities. 4. Bighorn Basin SWAMI: Covering parts of northwestern Wyoming, the Bighorn Basin AMI offers prospects for both conventional and unconventional oil and gas plays, including the famous oil-rich formations such as the Cody Shale and the Phosphoric Formation. In this AMI, companies collaborate to harness new drilling techniques, seismic imaging technologies, and reservoir modeling to optimize production from these reservoirs. 5. Laramie Basin SWAMI: Situated in southeastern Wyoming, the Laramie Basin AMI represents an area of interest for companies targeting both conventional and unconventional hydrocarbon resources. The AMI fosters a collaborative environment for sharing knowledge on reservoir properties, geologic structures, and completion methods to enhance drilling efficiency and increase recovery rates. In all these Wyoming AMIS, the participating companies benefit from shared geological data, reduced costs through shared infrastructure and facilities, improved technology adoption, optimized drilling and production techniques, and access to broader markets. The collaborative nature of AMIS in Wyoming allows for sustainable development and maximizes the potential of oil and gas resources while minimizing environmental impact.Wyoming Area of Mutual Interest (SWAMI) is a term used in the oil and gas industry to describe a specific geographic area where multiple companies or entities have joint interests in sharing data, resources, and technology to explore and develop hydrocarbon reserves. It is typically characterized by the existence of common geological formations, favorable exploration and production potential, and collaborative efforts among the participating parties. In Wyoming, there are several distinct types of Areas of Mutual Interest (AMIS) based on different regions or geological formations, each offering unique opportunities for oil and gas exploration and production. Some notable examples include: 1. Powder River Basin SWAMI: This AMI encompasses the Powder River Basin region in northeastern Wyoming, known for its vast coaled methane reserves and conventional oil and gas deposits. The AMI promotes collaboration among the participating companies to exchange data, conduct joint research, and optimize drilling and production techniques. 2. Green River Basin SWAMI: Located in southwestern Wyoming, the Green River Basin AMI is renowned for its significant natural gas reserves, mainly trapped in tight formations like the Marcos Shale and the Greater Green River Basin. The participants in this AMI work together to leverage their expertise and technologies to tackle the challenges associated with extracting natural gas from these unconventional reservoirs. 3. Wind River Basin SWAMI: This AMI focuses on the Wind River Basin, situated in west-central Wyoming. It is recognized for its potential in conventional oil and gas exploration as well as cutting-edge technologies like enhanced oil recovery and carbon capture utilization and storage. The SWAMI facilitates knowledge sharing and the pooling of resources to maximize the economic and environmental benefits of these unique opportunities. 4. Bighorn Basin SWAMI: Covering parts of northwestern Wyoming, the Bighorn Basin AMI offers prospects for both conventional and unconventional oil and gas plays, including the famous oil-rich formations such as the Cody Shale and the Phosphoric Formation. In this AMI, companies collaborate to harness new drilling techniques, seismic imaging technologies, and reservoir modeling to optimize production from these reservoirs. 5. Laramie Basin SWAMI: Situated in southeastern Wyoming, the Laramie Basin AMI represents an area of interest for companies targeting both conventional and unconventional hydrocarbon resources. The AMI fosters a collaborative environment for sharing knowledge on reservoir properties, geologic structures, and completion methods to enhance drilling efficiency and increase recovery rates. In all these Wyoming AMIS, the participating companies benefit from shared geological data, reduced costs through shared infrastructure and facilities, improved technology adoption, optimized drilling and production techniques, and access to broader markets. The collaborative nature of AMIS in Wyoming allows for sustainable development and maximizes the potential of oil and gas resources while minimizing environmental impact.
