This form is used when the parties own undivided leasehold interests in the Lease as to depths from the surface of the ground to a Specific Depth. The parties acknowledge that the production from a well on the leasehold interest will be obtained from depths in which the ownership is not common. Thus, the parties find it necessary to enter into this Agreement to enable the parties to each be paid a proportionate part of the commingled production from the separate depths in which they own interests.
A Houston Texas Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth is a legal agreement that facilitates the simultaneous extraction of oil and gas from multiple formations within the same well bore, where the ownership of the leasehold varies in terms of depth. This agreement is commonly used in the Houston, Texas area due to its rich and diverse geological formations. Keywords: Houston Texas, Commingling Agreement, Working Owners, Production, Different Formations, Same Well Bore, Leasehold Ownership, Varies, Depth. Types of Houston Texas Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth: 1. Cross-Formation Commingling Agreement: This type of agreement allows for the pooling of production from various formations located at different depths within the same well bore. It enables the working owners to combine resources and optimize production efficiency. 2. Depth-Based Commingling Agreement: In this agreement, the leasehold ownership rights are divided based on the depth of the formations. Each working owner holds specific rights to extract resources from designated formations within the well bore, ensuring fair distribution of production revenues. 3. Modified Commingling Agreement: This type of agreement may slightly deviate from the conventional terms, offering customized provisions to accommodate unique circumstances and specific requirements of the participating parties. It allows for flexibility and tailor-made arrangements to meet the needs of working owners. 4. Formation-Specific Commingling Agreement: This agreement focuses on the production and extraction of resources from particular formations within the well bore. It defines the ownership rights and responsibilities of working owners concerning targeted formations, ensuring effective management and exploitation of the reservoir potential. 5. Joint Development Agreement: While not exclusively focused on commingling, a Joint Development Agreement is often utilized in Houston, Texas. It establishes a framework for cooperation and collaboration among working owners for the development and production activities within a shared well bore, irrespective of the formations involved. These different types of Houston Texas Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth offer legal structures that help govern the extraction process, ensure equitable distribution of resources, and facilitate the efficient utilization of interconnected well bores in Houston, Texas.A Houston Texas Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth is a legal agreement that facilitates the simultaneous extraction of oil and gas from multiple formations within the same well bore, where the ownership of the leasehold varies in terms of depth. This agreement is commonly used in the Houston, Texas area due to its rich and diverse geological formations. Keywords: Houston Texas, Commingling Agreement, Working Owners, Production, Different Formations, Same Well Bore, Leasehold Ownership, Varies, Depth. Types of Houston Texas Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth: 1. Cross-Formation Commingling Agreement: This type of agreement allows for the pooling of production from various formations located at different depths within the same well bore. It enables the working owners to combine resources and optimize production efficiency. 2. Depth-Based Commingling Agreement: In this agreement, the leasehold ownership rights are divided based on the depth of the formations. Each working owner holds specific rights to extract resources from designated formations within the well bore, ensuring fair distribution of production revenues. 3. Modified Commingling Agreement: This type of agreement may slightly deviate from the conventional terms, offering customized provisions to accommodate unique circumstances and specific requirements of the participating parties. It allows for flexibility and tailor-made arrangements to meet the needs of working owners. 4. Formation-Specific Commingling Agreement: This agreement focuses on the production and extraction of resources from particular formations within the well bore. It defines the ownership rights and responsibilities of working owners concerning targeted formations, ensuring effective management and exploitation of the reservoir potential. 5. Joint Development Agreement: While not exclusively focused on commingling, a Joint Development Agreement is often utilized in Houston, Texas. It establishes a framework for cooperation and collaboration among working owners for the development and production activities within a shared well bore, irrespective of the formations involved. These different types of Houston Texas Commingling Agreement Among Working Owners As to Production from Different Formations Out of the Same Well Bore, Where Leasehold Ownership Varies As to Depth offer legal structures that help govern the extraction process, ensure equitable distribution of resources, and facilitate the efficient utilization of interconnected well bores in Houston, Texas.
