Houston Texas 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
• City: Houston
• 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. Houston Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form This Houston Texas Fresh Water Purchase Agreement is a legally binding contract that outlines the terms and conditions between a landowner and an operator for the purchase of fresh water for use in secondary recovery operations. Secondary recovery refers to the process of injecting water into oil or gas reservoirs to enhance production. Under this agreement, the landowner agrees to supply a specified amount of fresh water to the operator at an agreed-upon location on the landowner's property. The operator agrees to pay the landowner a predetermined price per unit of water delivered. Key provisions included in this agreement include the following: 1. Parties: The agreement clearly identifies the landowner, who is the legal owner of the water rights, and the operator, who requires the water for secondary recovery operations. 2. Description of Land and Water Source: The agreement provides a detailed description of the landowner's property where the water will be sourced and the specific water source that will be utilized. 3. Water Quantity: The agreement specifies the volume of fresh water required by the operator per day, week, or month. The landowner must ensure a consistent supply to meet the operator's needs. 4. Delivery Terms: The agreement outlines the logistics of water delivery, including the location, method, and frequency of delivery. It may also include any required infrastructure, such as pipelines or storage tanks, that need to be installed by the landowner or operator. 5. Payment Terms: This section defines the payment structure, including the price per unit of water delivered and the frequency of payment. The agreement may also include provisions for adjusting the price based on changes in market conditions or inflation. 6. Term and Termination: The agreement specifies the duration of the contract, which can be for a fixed period or open-ended. It also outlines the conditions for termination, such as breach of contract or mutual agreement. 7. Indemnification and Liability: Both parties agree to indemnify and hold each other harmless from any claims, damages, or liabilities arising from the purchase, sale, or use of water under this agreement. Types of Houston Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form: 1. Standard Agreement: This is the most common form of the fresh water purchase agreement, which outlines the basic terms and conditions for water supply and payment. 2. Customized Agreement: Occasionally, landowners and operators may negotiate specific terms unique to their situation, such as adjusting the delivery schedule, payment structure, or minimum purchase requirements. A customized agreement ensures both parties' needs and expectations are met. In conclusion, the Houston Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form is a crucial document that governs the purchase and sale of fresh water for secondary recovery operations. It provides a clear framework for both parties to ensure a consistent supply of water while protecting their respective rights and interests.

Houston Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form This Houston Texas Fresh Water Purchase Agreement is a legally binding contract that outlines the terms and conditions between a landowner and an operator for the purchase of fresh water for use in secondary recovery operations. Secondary recovery refers to the process of injecting water into oil or gas reservoirs to enhance production. Under this agreement, the landowner agrees to supply a specified amount of fresh water to the operator at an agreed-upon location on the landowner's property. The operator agrees to pay the landowner a predetermined price per unit of water delivered. Key provisions included in this agreement include the following: 1. Parties: The agreement clearly identifies the landowner, who is the legal owner of the water rights, and the operator, who requires the water for secondary recovery operations. 2. Description of Land and Water Source: The agreement provides a detailed description of the landowner's property where the water will be sourced and the specific water source that will be utilized. 3. Water Quantity: The agreement specifies the volume of fresh water required by the operator per day, week, or month. The landowner must ensure a consistent supply to meet the operator's needs. 4. Delivery Terms: The agreement outlines the logistics of water delivery, including the location, method, and frequency of delivery. It may also include any required infrastructure, such as pipelines or storage tanks, that need to be installed by the landowner or operator. 5. Payment Terms: This section defines the payment structure, including the price per unit of water delivered and the frequency of payment. The agreement may also include provisions for adjusting the price based on changes in market conditions or inflation. 6. Term and Termination: The agreement specifies the duration of the contract, which can be for a fixed period or open-ended. It also outlines the conditions for termination, such as breach of contract or mutual agreement. 7. Indemnification and Liability: Both parties agree to indemnify and hold each other harmless from any claims, damages, or liabilities arising from the purchase, sale, or use of water under this agreement. Types of Houston Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form: 1. Standard Agreement: This is the most common form of the fresh water purchase agreement, which outlines the basic terms and conditions for water supply and payment. 2. Customized Agreement: Occasionally, landowners and operators may negotiate specific terms unique to their situation, such as adjusting the delivery schedule, payment structure, or minimum purchase requirements. A customized agreement ensures both parties' needs and expectations are met. In conclusion, the Houston Texas Fresh Water Purchase Agreement Between Landowner and Operator For Use of Landowner's Water in Secondary Recovery Operations — Short Form is a crucial document that governs the purchase and sale of fresh water for secondary recovery operations. It provides a clear framework for both parties to ensure a consistent supply of water while protecting their respective rights and interests.