This form provides for the reassignment of interests in the event a well is required to be drilled, deepened, reworked, plugged back, sidetracked, or recompleted, or any other operation that may be required in order to (1) continue a Lease or Leases in force and effect, or (2) maintain a unitized area or any portion of it in and to any Oil and/or Gas and other interest which may be owned by a third party or which, failing in the operation, may revert to a third party, or (3) comply with an order issued by a regulatory body
Hennepin County in Minnesota provides provisions for JOB 82 Revised, also known as Joint Operating Agreement 82 Revised. This agreement outlines the terms and conditions for the joint operation of oil and gas fields. The JOB 82 Revised provisions in Hennepin County ensure that all participating operators adhere to specific guidelines and responsibilities. Some key keywords associated with this agreement include: 1. Joint Operating Agreement (JOB): The JOB is a legal contract entered into by multiple operators to jointly explore, develop, and produce oil and gas resources. It sets out the rights, duties, and obligations of each party involved. 2. Hennepin County: Hennepin County is located in the state of Minnesota and encompasses the city of Minneapolis. It is the most populous county in the state and plays a crucial role in regulating and overseeing oil and gas operations within its jurisdiction. 3. Provisions: Provisions refer to the specific clauses, articles, or sections within the JOB 82 Revised that outline the rights and obligations of the operators. These provisions may cover areas such as drilling operations, cost sharing, liability, dispute resolution, and decommissioning. 4. Oil and Gas Fields: The JOB 82 Revised provisions in Hennepin County apply to oil and gas fields within its jurisdiction. These fields may contain underground reserves of oil and natural gas that can be commercially produced. 5. Revised JOB 82: The term "Revised JOB 82" indicates that the provisions have been modified or updated from a previous version. Revisions may be necessary to account for changes in technology, industry standards, or legal requirements. It ensures that the JOB remains effective and relevant to current circumstances. It is important to note that the specific types of Hennepin Minnesota Provisions for JOB 82 Revised may vary depending on the nature of the oil and gas operations, the parties involved, and any unique considerations within Hennepin County.Hennepin County in Minnesota provides provisions for JOB 82 Revised, also known as Joint Operating Agreement 82 Revised. This agreement outlines the terms and conditions for the joint operation of oil and gas fields. The JOB 82 Revised provisions in Hennepin County ensure that all participating operators adhere to specific guidelines and responsibilities. Some key keywords associated with this agreement include: 1. Joint Operating Agreement (JOB): The JOB is a legal contract entered into by multiple operators to jointly explore, develop, and produce oil and gas resources. It sets out the rights, duties, and obligations of each party involved. 2. Hennepin County: Hennepin County is located in the state of Minnesota and encompasses the city of Minneapolis. It is the most populous county in the state and plays a crucial role in regulating and overseeing oil and gas operations within its jurisdiction. 3. Provisions: Provisions refer to the specific clauses, articles, or sections within the JOB 82 Revised that outline the rights and obligations of the operators. These provisions may cover areas such as drilling operations, cost sharing, liability, dispute resolution, and decommissioning. 4. Oil and Gas Fields: The JOB 82 Revised provisions in Hennepin County apply to oil and gas fields within its jurisdiction. These fields may contain underground reserves of oil and natural gas that can be commercially produced. 5. Revised JOB 82: The term "Revised JOB 82" indicates that the provisions have been modified or updated from a previous version. Revisions may be necessary to account for changes in technology, industry standards, or legal requirements. It ensures that the JOB remains effective and relevant to current circumstances. It is important to note that the specific types of Hennepin Minnesota Provisions for JOB 82 Revised may vary depending on the nature of the oil and gas operations, the parties involved, and any unique considerations within Hennepin County.
