Collin Texas 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
• County: Collin
• 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. Collin Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form is a comprehensive legal document that outlines the terms and conditions for the purchase of fresh water by an operator from a landowner in Collin County, Texas. This agreement is specifically designed to facilitate the use of fresh water in secondary recovery operations, such as water flooding or water injection projects, aimed at enhancing oil or gas production. The document covers various aspects and key provisions, ensuring a clear understanding between the parties involved. Below are some relevant keywords and topics covered in this detailed agreement: 1. Parties: Clearly identifies the landowner and the operator, including their legal names and contact information. It may also specify any authorized representatives acting on their behalf. 2. Recitals: Provides an introduction to the agreement, including the purpose of utilizing fresh water for secondary recovery operations, and acknowledges any relevant existing contracts or agreements between the parties. 3. Definitions: Provides definitions for specific terms used throughout the agreement to avoid confusion or misinterpretation. Key terms may include "fresh water," "secondary recovery operations," "water source," "rate of production," and "net revenues." 4. Term and Termination: Specifies the duration of the agreement, including any renewal or extension provisions, as well as conditions for termination by either party. 5. Water Purchase and Delivery: Details the agreed-upon volume of fresh water to be purchased, the delivery location, and the method of delivery (e.g., pipeline, truck, or barge). It may also cover the quality and testing of the water as per industry standards. 6. Purchase Price and Payment Terms: Outlines the pricing structure for the fresh water, including any applicable taxes or fees, and provides clarity on payment terms, invoicing, and timing of payments. 7. Access and Landowner Liability: Addresses the operator's right to access the water source located on the landowner's property and specifies any liability or indemnification clauses related to damages or accidents occurring during water extraction. 8. Environmental and Regulatory Compliance: Ensures the operator's compliance with all relevant laws, regulations, permits, and licenses related to water extraction and usage, as well as any necessary environmental or safety measures. 9. Confidentiality and Non-Disclosure: Imposes obligations on both parties to maintain the confidentiality of any non-public information shared during the course of the agreement. 10. Dispute Resolution and Governing Law: Outlines the mechanisms for resolving disputes, such as negotiation or arbitration, and identifies the governing law for interpretation and enforcement of the agreement. Variations of Collin Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form might include specific clauses tailored for different scenarios, such as shorter-term agreements, agreements with multiple landowners, or agreements for specific water sources (e.g., rivers, lakes, or underground aquifers).

Collin Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form is a comprehensive legal document that outlines the terms and conditions for the purchase of fresh water by an operator from a landowner in Collin County, Texas. This agreement is specifically designed to facilitate the use of fresh water in secondary recovery operations, such as water flooding or water injection projects, aimed at enhancing oil or gas production. The document covers various aspects and key provisions, ensuring a clear understanding between the parties involved. Below are some relevant keywords and topics covered in this detailed agreement: 1. Parties: Clearly identifies the landowner and the operator, including their legal names and contact information. It may also specify any authorized representatives acting on their behalf. 2. Recitals: Provides an introduction to the agreement, including the purpose of utilizing fresh water for secondary recovery operations, and acknowledges any relevant existing contracts or agreements between the parties. 3. Definitions: Provides definitions for specific terms used throughout the agreement to avoid confusion or misinterpretation. Key terms may include "fresh water," "secondary recovery operations," "water source," "rate of production," and "net revenues." 4. Term and Termination: Specifies the duration of the agreement, including any renewal or extension provisions, as well as conditions for termination by either party. 5. Water Purchase and Delivery: Details the agreed-upon volume of fresh water to be purchased, the delivery location, and the method of delivery (e.g., pipeline, truck, or barge). It may also cover the quality and testing of the water as per industry standards. 6. Purchase Price and Payment Terms: Outlines the pricing structure for the fresh water, including any applicable taxes or fees, and provides clarity on payment terms, invoicing, and timing of payments. 7. Access and Landowner Liability: Addresses the operator's right to access the water source located on the landowner's property and specifies any liability or indemnification clauses related to damages or accidents occurring during water extraction. 8. Environmental and Regulatory Compliance: Ensures the operator's compliance with all relevant laws, regulations, permits, and licenses related to water extraction and usage, as well as any necessary environmental or safety measures. 9. Confidentiality and Non-Disclosure: Imposes obligations on both parties to maintain the confidentiality of any non-public information shared during the course of the agreement. 10. Dispute Resolution and Governing Law: Outlines the mechanisms for resolving disputes, such as negotiation or arbitration, and identifies the governing law for interpretation and enforcement of the agreement. Variations of Collin Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form might include specific clauses tailored for different scenarios, such as shorter-term agreements, agreements with multiple landowners, or agreements for specific water sources (e.g., rivers, lakes, or underground aquifers).