This operating agreement is used when the parties to the Agreement are owners of oil and gas leases and/or oil and gas interests in the land identified in Exhibit A to the agreement, and have reached an agreement to explore and develop these leases and/or oil and gas interests for the production of oil and gas to the extent and as provided for in this Agreement.
The Franklin Ohio Joint Operating Agreement 82 Revised (FOOD 82 Revised) is a legal document that outlines the collaborative efforts between multiple parties involved in oil and gas operations in Franklin, Ohio. This agreement serves as a binding contract between the working interest owners, operators, and non-operators, providing guidelines and frameworks for efficient and fruitful cooperation. The FOOD 82 Revised is specifically designed for the oil and gas industry in Franklin, Ohio, ensuring that all parties involved in exploration, drilling, production, and development activities work together harmoniously while protecting their respective interests. By detailing the rights, responsibilities, and obligations of each party, this agreement helps to minimize conflicts and maximize efficiency in the joint operation. The agreement encompasses various aspects relevant to oil and gas operations, such as the allocation of costs and expenses incurred during operations, production sharing mechanisms, decision-making processes, dispute resolution procedures, and termination provisions. It allows for a more streamlined and cohesive operation, benefiting all parties involved. As for the different types of the FOOD 82 Revised, they can be specific to different projects or fields within Franklin, Ohio. This allows for customization based on the unique characteristics and requirements of each operation. For example, there may be specific agreements for oilfields, gas fields, or even specific reserves within Franklin, Ohio. Each type of agreement may contain additional clauses or provisions tailored to the specific context and needs of the project or field. Keywords: Franklin Ohio Joint Operating Agreement 82 Revised, FOOD 82 Revised, oil and gas operations, collaboration, working interest owners, operators, non-operators, exploration, drilling, production, development, efficient cooperation, binding contract, rights, responsibilities, obligations, costs and expenses, production sharing, decision-making, dispute resolution, termination provisions, customized agreements, oilfields, gas fields, reserves.The Franklin Ohio Joint Operating Agreement 82 Revised (FOOD 82 Revised) is a legal document that outlines the collaborative efforts between multiple parties involved in oil and gas operations in Franklin, Ohio. This agreement serves as a binding contract between the working interest owners, operators, and non-operators, providing guidelines and frameworks for efficient and fruitful cooperation. The FOOD 82 Revised is specifically designed for the oil and gas industry in Franklin, Ohio, ensuring that all parties involved in exploration, drilling, production, and development activities work together harmoniously while protecting their respective interests. By detailing the rights, responsibilities, and obligations of each party, this agreement helps to minimize conflicts and maximize efficiency in the joint operation. The agreement encompasses various aspects relevant to oil and gas operations, such as the allocation of costs and expenses incurred during operations, production sharing mechanisms, decision-making processes, dispute resolution procedures, and termination provisions. It allows for a more streamlined and cohesive operation, benefiting all parties involved. As for the different types of the FOOD 82 Revised, they can be specific to different projects or fields within Franklin, Ohio. This allows for customization based on the unique characteristics and requirements of each operation. For example, there may be specific agreements for oilfields, gas fields, or even specific reserves within Franklin, Ohio. Each type of agreement may contain additional clauses or provisions tailored to the specific context and needs of the project or field. Keywords: Franklin Ohio Joint Operating Agreement 82 Revised, FOOD 82 Revised, oil and gas operations, collaboration, working interest owners, operators, non-operators, exploration, drilling, production, development, efficient cooperation, binding contract, rights, responsibilities, obligations, costs and expenses, production sharing, decision-making, dispute resolution, termination provisions, customized agreements, oilfields, gas fields, reserves.
