Hennepin Minnesota Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations - Short Form

• Category: Oil Gas and Minerals - Water
• State: Multi-State
• County: Hennepin
• Control #: US-OG-160
• Format: Word; Rich Text

Description

This is a form agreement providing for the sale of water. It is shorter in length and does not contain all of the provisions contained in the previous form. Hennepin Minnesota Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form is a legally binding document that outlines the terms and conditions for the purchase and use of fresh water by an Operator in secondary recovery operations on a Landowner's property in Hennepin County, Minnesota. This agreement is designed to protect the rights and interests of both parties involved in the transaction. The agreement covers various aspects related to the purchase and use of water, including: 1. Parties involved: The agreement clearly identifies the Landowner and the Operator participating in the water purchase agreement. It includes their legal names, addresses, and contact information to ensure accurate communication and legal compliance. 2. Purpose and scope: The agreement specifies that the purchased fresh water will be solely used by the Operator for secondary recovery operations. It defines secondary recovery operations as any activity aimed at enhancing the extraction or production of oil, gas, or minerals from the property. 3. Water purchase terms: The agreement outlines the terms of water purchase, including the quantity of water to be purchased, the frequency of purchase, and the agreed price per unit. It also mentions the permitted volume variations based on operational needs and provides a mechanism to address any disputes or changes in water requirements during the agreement's validity. 4. Delivery and quality requirements: The agreement stipulates the responsibilities of both parties regarding water delivery. It mentions the method of delivery, which could be either through existing water facilities on the property or through alternative means, such as trucking. The agreement also incorporates quality requirements, ensuring that the water meets specific standards suitable for secondary recovery operations. 5. Payment terms: The agreement describes the payment obligations of the Operator to the Landowner. It includes details such as the payment frequency (e.g., monthly, quarterly), the preferred payment method, and any late payment penalties or discounts for early payment. 6. Liability and indemnification: In this section, the agreement addresses issues related to liability and indemnification. It establishes that both parties will hold each other harmless from any claims, damages, or losses arising from the use of the purchased water, except in cases of willful misconduct or gross negligence. 7. Term and termination: The agreement specifies the duration for which it remains valid, including any renewal options. It also outlines the conditions under which either party can terminate the agreement before its expiration, such as material breach, non-compliance, or mutual agreement. Other potential types of Hennepin Minnesota Fresh Water Purchase Agreements Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations may include long-form agreements with more extensive terms and conditions, agreements specific to certain industries (e.g., oil and gas, mining), and agreements tailored for different geographical areas within Hennepin County where water availability and regulations may vary.

Hennepin Minnesota Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form is a legally binding document that outlines the terms and conditions for the purchase and use of fresh water by an Operator in secondary recovery operations on a Landowner's property in Hennepin County, Minnesota. This agreement is designed to protect the rights and interests of both parties involved in the transaction. The agreement covers various aspects related to the purchase and use of water, including: 1. Parties involved: The agreement clearly identifies the Landowner and the Operator participating in the water purchase agreement. It includes their legal names, addresses, and contact information to ensure accurate communication and legal compliance. 2. Purpose and scope: The agreement specifies that the purchased fresh water will be solely used by the Operator for secondary recovery operations. It defines secondary recovery operations as any activity aimed at enhancing the extraction or production of oil, gas, or minerals from the property. 3. Water purchase terms: The agreement outlines the terms of water purchase, including the quantity of water to be purchased, the frequency of purchase, and the agreed price per unit. It also mentions the permitted volume variations based on operational needs and provides a mechanism to address any disputes or changes in water requirements during the agreement's validity. 4. Delivery and quality requirements: The agreement stipulates the responsibilities of both parties regarding water delivery. It mentions the method of delivery, which could be either through existing water facilities on the property or through alternative means, such as trucking. The agreement also incorporates quality requirements, ensuring that the water meets specific standards suitable for secondary recovery operations. 5. Payment terms: The agreement describes the payment obligations of the Operator to the Landowner. It includes details such as the payment frequency (e.g., monthly, quarterly), the preferred payment method, and any late payment penalties or discounts for early payment. 6. Liability and indemnification: In this section, the agreement addresses issues related to liability and indemnification. It establishes that both parties will hold each other harmless from any claims, damages, or losses arising from the use of the purchased water, except in cases of willful misconduct or gross negligence. 7. Term and termination: The agreement specifies the duration for which it remains valid, including any renewal options. It also outlines the conditions under which either party can terminate the agreement before its expiration, such as material breach, non-compliance, or mutual agreement. Other potential types of Hennepin Minnesota Fresh Water Purchase Agreements Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations may include long-form agreements with more extensive terms and conditions, agreements specific to certain industries (e.g., oil and gas, mining), and agreements tailored for different geographical areas within Hennepin County where water availability and regulations may vary.