A farmout agreement is used when the "farmor" agrees to assign acreage to the "farmee" in return for the "farmee" performing specified drilling and testing obligations, with the "farmor" also reserving an interest in the acreage assigned and in the production from the wells drilled by the second company.
Tarrant Texas Farmout Agreement Providing For A Single Well Producer to Earn An Assignment
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-OG-220
Format:
Word;
Rich Text
Instant download
Description
Free preview
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