Queens New York Area of Mutual Interest Agreement

Name: Queens New York Area of Mutual Interest Agreement
Brand: US Legal Forms
Rating: 4.76 (360 reviews)

Category:

Oil Gas and Minerals - Agreements

State:

Multi-State

County:

Queens

Control #:

US-OG-682

Format:

Instant download

Description

This form is an agreement between parties that own leasehold interests created by oil and gas leases. To facilitate the coordinated acquisition of additional Leases and exploration for and development of oil, gas, and other minerals from lands located in the general area of the Parties Leases, the Parties desire to enter into this Agreement to create an Area of Mutual Interest (the AMI).

How to fill out Queens New York Area Of Mutual Interest Agreement?

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FAQ

Adjective. You use mutual to describe something such as an interest which two or more people share. They do, however, share a mutual interest in design.

An area of mutual interest (AMI) contract describes the geographic area contained in the AMI, the rights of each party (such as the percentage interest allocated to each company), the agreement's term, and how contract provisions are to be implemented.

1 experienced or expressed by each of two or more people or groups about the other; reciprocal.

An Area of Mutual Interest (AMI) Agreement is a contract between people or companies who want to jointly explore for oil and gas in a specific area during a given time. It is a common tool for sharing risks of development, along with the associated ownership and profits.

Definitions of mutual understanding. sympathy of each person for the other. synonyms: mutual affection. type of: sympathy. a relation of affinity or harmony between people; whatever affects one correspondingly affects the other.

Adjective. You use mutual to describe something such as an interest which two or more people share. They do, however, share a mutual interest in design.

Area of Mutual Interest or AMI shall mean an agreement between or among parties to a farm-out agreement or a joint operating agreement or other agreement by which the parties attempt to describe a geographical area within which they agree to share certain additional leases or other interests acquired by any of them

1. n. Oil and Gas Business The right that nonselling participating parties have in a lease, well or unit to proportionately acquire the interest that a participating party proposes to sell to a third party.

Adjective. You use mutual to describe something such as an interest which two or more people share. They do, however, share a mutual interest in design.

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Observations should be succinct but not in note form. An AMI supposedly binds parties together i.e.Section. A.D. 1890. 24. A player may offer a draw at any stage of a game; if the opponent accepts, the game is a draw. Section VI: RFP Part 2 Proposal Package – To Be Filled Out By Proposers . In the previous sentence, it was easy to complete these three steps. But some sentences are more challenging. Benefit of creditors as part of the "bankruptcy estate. 1 Log-in using the "USER LOGIN" area above. At 51, she had little in the way of family resources to draw on.

So in October 1991 she signed a promissory note, which she guaranteed in her name, to be paid back for the full amount of the value. The note, of £26,750, was drawn on RBS by its London branch in February 1992. In February 1992, the bank agreed to accept the check. 2 The note was held in the RBS branch's safe. On September 26th 1995, RBS was liquidated and the note was sold to Mr James Andon on a “negotiable basis”. 3 Mr Andon, a manager of the RBS branch, explained to Mr Sully that the note was not part of the bank's general policy. The note (which was signed as “Jane”), was held as a credit in the RBS safe. 4 On the afternoon of 31 March 1995, Mr Andon called the safe, obtained the note, placed the note in the branch's safe (which contained the entire Bank of England's portfolio of liabilities and assets, including all its assets owned by RBS) and closed as usual.

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Queens New York Area of Mutual Interest Agreement

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