Hennepin Minnesota 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: Hennepin
• 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. Hennepin Minnesota Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form 1. Introduction— - Hennepin County's Fresh Water Purchase Agreement aims to facilitate sustainable water management in the region while supporting secondary recovery operations. — The agreement establishes a legal contract between a landowner and an operator, ensuring the responsible use and allocation of fresh water resources within Hennepin County, Minnesota. 2. Parties Involved: — The agreement entails the landowner, who permits access to fresh water resources located on their property, and the operator, responsible for conducting secondary recovery operations such as hydraulic fracturing (fracking) or water flooding. 3. Scope of Agreement: — The agreement outlines the specific fresh water sources available for use, including rivers, lakes, and underground aquifers, as well as their respective volumes and allowable extraction rates. — It defines the conditions and limitations of fresh water usage for secondary recovery operations, considering environmental and conservation principles, regulatory requirements, and sustainability goals. 4. Term and Termination: — This section specifies the duration of the agreement, typically ranging from months to years, and outlines the terms for renewal or termination. — Termination conditions may include violations of environmental regulations, failure to meet sustainability targets, or mutual agreement between the landowner and the operator. 5. Financial Considerations: — The agreement stipulates the monetary compensation or consideration to be provided by the operator to the landowner in exchange for the use of fresh water resources. — Payment terms, frequency, and methods are outlined, along with provisions for adjustments based on changes in market conditions or inflation. 6. Water Management and Conservation: — This section emphasizes the commitment of both parties to the responsible and sustainable management of fresh water resources. — It may include measures such as water monitoring, usage reporting, and implementation of best practices minimizing water waste and pollution. 7. Liability and Insurance: — The agreement clarifies the liability of each party for any damages, accidents, or environmental consequences arising from the extraction and use of fresh water. — It may require the operator to carry appropriate insurance coverage to protect against potential liabilities. 8. Dispute Resolution: — In the case of disputes arising from the agreement, this section outlines the preferred method of resolution, such as mediation or arbitration, to avoid costlier litigation. — It may also designate the governing law and jurisdiction under which the agreement will be interpreted and enforced. 9. Confidentiality and Non-Disclosure: — This section ensures the confidentiality of proprietary information exchanged between the landowner and the operator during the agreement's duration, protecting trade secrets or sensitive data. Types of Hennepin Minnesota Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form— - Non-Exclusive Fresh Water Purchase Agreement: A type of agreement where the landowner permits multiple operators to access and use fresh water resources on their property for secondary recovery operations. — Exclusive Fresh Water Purchase Agreement: A type of agreement where the landowner grants sole access and usage rights of fresh water resources to a single operator for secondary recovery operations. — Short-Term Fresh Water Purchase Agreement: An agreement with a relatively shorter duration, typically used for temporary or seasonal secondary recovery operations. — Long-Term Fresh Water Purchase Agreement: An agreement extending over a more extended period, suitable for continuous or ongoing secondary recovery operations.

Hennepin Minnesota Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form 1. Introduction— - Hennepin County's Fresh Water Purchase Agreement aims to facilitate sustainable water management in the region while supporting secondary recovery operations. — The agreement establishes a legal contract between a landowner and an operator, ensuring the responsible use and allocation of fresh water resources within Hennepin County, Minnesota. 2. Parties Involved: — The agreement entails the landowner, who permits access to fresh water resources located on their property, and the operator, responsible for conducting secondary recovery operations such as hydraulic fracturing (fracking) or water flooding. 3. Scope of Agreement: — The agreement outlines the specific fresh water sources available for use, including rivers, lakes, and underground aquifers, as well as their respective volumes and allowable extraction rates. — It defines the conditions and limitations of fresh water usage for secondary recovery operations, considering environmental and conservation principles, regulatory requirements, and sustainability goals. 4. Term and Termination: — This section specifies the duration of the agreement, typically ranging from months to years, and outlines the terms for renewal or termination. — Termination conditions may include violations of environmental regulations, failure to meet sustainability targets, or mutual agreement between the landowner and the operator. 5. Financial Considerations: — The agreement stipulates the monetary compensation or consideration to be provided by the operator to the landowner in exchange for the use of fresh water resources. — Payment terms, frequency, and methods are outlined, along with provisions for adjustments based on changes in market conditions or inflation. 6. Water Management and Conservation: — This section emphasizes the commitment of both parties to the responsible and sustainable management of fresh water resources. — It may include measures such as water monitoring, usage reporting, and implementation of best practices minimizing water waste and pollution. 7. Liability and Insurance: — The agreement clarifies the liability of each party for any damages, accidents, or environmental consequences arising from the extraction and use of fresh water. — It may require the operator to carry appropriate insurance coverage to protect against potential liabilities. 8. Dispute Resolution: — In the case of disputes arising from the agreement, this section outlines the preferred method of resolution, such as mediation or arbitration, to avoid costlier litigation. — It may also designate the governing law and jurisdiction under which the agreement will be interpreted and enforced. 9. Confidentiality and Non-Disclosure: — This section ensures the confidentiality of proprietary information exchanged between the landowner and the operator during the agreement's duration, protecting trade secrets or sensitive data. Types of Hennepin Minnesota Fresh Water Purchase Agreement Between Landowner and Operator For Use in Secondary Recovery Operations — Long Form— - Non-Exclusive Fresh Water Purchase Agreement: A type of agreement where the landowner permits multiple operators to access and use fresh water resources on their property for secondary recovery operations. — Exclusive Fresh Water Purchase Agreement: A type of agreement where the landowner grants sole access and usage rights of fresh water resources to a single operator for secondary recovery operations. — Short-Term Fresh Water Purchase Agreement: An agreement with a relatively shorter duration, typically used for temporary or seasonal secondary recovery operations. — Long-Term Fresh Water Purchase Agreement: An agreement extending over a more extended period, suitable for continuous or ongoing secondary recovery operations.