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 lands identified in Exhibit A to the Agreement. The Parties have reached an agreement to explore and develop the 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 Bexar Texas Joint Operating Agreement 89-03 Revised is a legal document that governs the exploration, development, and production of oil and gas resources in the Bexar County, Texas area. This agreement outlines the rights, responsibilities, and obligations of the parties involved in a joint operating venture, providing a framework for efficient and coordinated operations. The Bexar Texas Joint Operating Agreement 89-03 Revised sets out the terms and conditions for the joint venture participants, including oil and gas operators, landowners, and investors. It encompasses various aspects such as the sharing of costs, profits, and production, as well as the allocation of working interests, royalties, and acreage. In the Bexar County area, there might be different types of Joint Operating Agreements falling under the same 89-03 Revised framework. These agreements could vary based on factors such as the specific geological formations being targeted, the participating companies, or the surface and mineral rights involved. Some possible types of Bexar Texas Joint Operating Agreement 89-03 Revised variants could include: 1. Bexar Texas Joint Operating Agreement 89-03 Revised — Eagle Ford Shale: This agreement focuses on the extraction of oil and gas reserves within the Eagle Ford Shale formation, a prolific hydrocarbon-bearing rock unit present in Bexar County. 2. Bexar Texas Joint Operating Agreement 89-03 Revised — Barnett Shale: This type of agreement specifically addresses the exploration and production activities associated with the Barnett Shale formation, another significant shale layer in the Bexar County region. 3. Bexar Texas Joint Operating Agreement 89-03 Revised — Multiple Formation: This variant covers joint operating ventures targeting multiple geological formations within Bexar County. It allows for comprehensive development and production plans to maximize oil and gas recovery across diverse reservoirs. Overall, the Bexar Texas Joint Operating Agreement 89-03 Revised, regardless of its specific variant, facilitates effective collaboration, risk-sharing, and decision-making among the parties involved in oil and gas operations in Bexar County, Texas.The Bexar Texas Joint Operating Agreement 89-03 Revised is a legal document that governs the exploration, development, and production of oil and gas resources in the Bexar County, Texas area. This agreement outlines the rights, responsibilities, and obligations of the parties involved in a joint operating venture, providing a framework for efficient and coordinated operations. The Bexar Texas Joint Operating Agreement 89-03 Revised sets out the terms and conditions for the joint venture participants, including oil and gas operators, landowners, and investors. It encompasses various aspects such as the sharing of costs, profits, and production, as well as the allocation of working interests, royalties, and acreage. In the Bexar County area, there might be different types of Joint Operating Agreements falling under the same 89-03 Revised framework. These agreements could vary based on factors such as the specific geological formations being targeted, the participating companies, or the surface and mineral rights involved. Some possible types of Bexar Texas Joint Operating Agreement 89-03 Revised variants could include: 1. Bexar Texas Joint Operating Agreement 89-03 Revised — Eagle Ford Shale: This agreement focuses on the extraction of oil and gas reserves within the Eagle Ford Shale formation, a prolific hydrocarbon-bearing rock unit present in Bexar County. 2. Bexar Texas Joint Operating Agreement 89-03 Revised — Barnett Shale: This type of agreement specifically addresses the exploration and production activities associated with the Barnett Shale formation, another significant shale layer in the Bexar County region. 3. Bexar Texas Joint Operating Agreement 89-03 Revised — Multiple Formation: This variant covers joint operating ventures targeting multiple geological formations within Bexar County. It allows for comprehensive development and production plans to maximize oil and gas recovery across diverse reservoirs. Overall, the Bexar Texas Joint Operating Agreement 89-03 Revised, regardless of its specific variant, facilitates effective collaboration, risk-sharing, and decision-making among the parties involved in oil and gas operations in Bexar County, Texas.
