This operating agreement is used when the parties to this 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 the parties 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 Harris Texas Joint Operating Agreement (JOB) 89 Revised is a legal contract that governs the joint operations between two or more entities involved in oil and gas exploration and production activities in the Harris County, Texas area. This agreement is a revised version of the original JOB 89 and includes specific terms, conditions, and provisions tailored to meet the needs and requirements of the parties involved. Keywords: Harris Texas, Joint Operating Agreement, JOB 89 Revised, oil and gas exploration, production activities, legal contract, Harris County. Different types of Harris Texas Joint Operating Agreement 89 Revised may include: 1. Exploration Agreement: This type of JOB governs the joint exploration activities conducted by multiple entities in the Harris County, Texas region. It outlines the rights, responsibilities, and obligations of each party involved in the exploration process. 2. Production Agreement: This JOB focuses on the joint production operations between the participating entities. It establishes the terms related to the extraction, refining, and marketing of oil and gas resources in the Harris County area. 3. Development Agreement: A development JOB specifically outlines the joint efforts and responsibilities required to develop oil and gas fields in Harris County, Texas. It may involve activities such as drilling, building infrastructure, and implementing production techniques. 4. Operating Agreement: This type of JOB outlines the agreements, rules, and guidelines governing the day-to-day operations of joint ventures related to oil and gas activities in the Harris County region. It covers aspects like joint decision-making, cost-sharing, financial obligations, and dispute resolution. 5. Risk Allocation Agreement: A risk allocation JOB focuses on determining how risks associated with oil and gas operations are allocated among the parties involved. It provides clarity on liability, insurance, indemnification, and procedures for handling potential risks and accidents in Harris County, Texas. 6. Farm out Agreement: This JOB governs the transfer of exploration or drilling rights from one company (the armor) to another (the farmer) in exchange for certain considerations, such as sharing costs or equity. It outlines the terms and conditions of such arrangement in the context of Harris County, Texas operations. In concluding, the Harris Texas Joint Operating Agreement 89 Revised is a comprehensive legal contract designed to regulate various aspects of joint oil and gas operations in the Harris County area. Whether it pertains to exploration, production, development, operations, risk allocation, or farm out, each type of revised JOB caters to different aspects of the oil and gas industry in Harris County, Texas.
