Legal Forms
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Alberta Quit Claim Agreement for Oil and Gas Rights
Give up (quitclaim) your rights to oil and gas assets in Alberta with this downloadable Quit Claim Agreement.
- The grantor (person giving up the rights) agrees to transfer to the grantee (transferee) its entire interest in the assets, which include petroleum and natural gas rights, equipment and miscellaneous interests.
- The grantor makes no representations or warranties regarding title to the assets.
- The grantor does not guarantee that the grantee will receive any better interest in the assets than the grantor now has.
- The grantor has not received any notice of default regarding the assets.
- The grantee acknowledges that it is receiving the assets on an 'as is' basis.
- The grantee indemnifies the grantor against all claims, actions, losses and damages.
- This legal document is intended to be used within the Province of Alberta, Canada.
- The Quit Claim Agreement is downloadable and can be modified to fit your unique needs.
Alberta Offer to Purchase Oil and Gas Rights
Make an Offer to Purchase petroleum and natural gas rights with this downloadable template for Alberta properties.
- Purchase Price. The offer sets out how the purchase price will be paid.
- Conditional Offer. The offer is subject to:
- a title opinion;
- a satisfactory due diligence review by the offeror of all files, records and deeds.
- Time Limit. The offeree has a specified number of days in which to accept the offer.
- Formal Agreement. If accepted, the parties will proceed to preparing a formal purchase and sale agreement.
- Scope of Agreement. The Offer to Purchase template is for the Province of Alberta, but can be easily adapted for use in other Canadian provinces.
- How to Get the Form. You can download the MS Word template immediately after your purchase transaction. Other formats available on request.
Alberta Surface Lease Agreement
Prepare a surface lease agreement for oil and gas assets on rural farm land with this downloadable template lease form for lands located in the Province of Alberta.
- Parties. The agreement is between the landowner and the oil company which will extract the resources.
- Use of Land. The lease allows the oil company to use the land for exploration, development and production of oil, gas, and related hydrocarbons.
- Rent. The agreement breaks down the first year's rent and annual rent to show how compensation is allocated for market value (first year), loss of use, adverse effect, general disturbance (first year), and additional wells.
- Maintenance of the Land. The oil company agrees to apply good soil conservation practices to strip, conserve and restore the topsoil, and will construct proper sludge pits and dispose of the sludge in accordance with the laws.
- Surrender. The drilling company has the right to surrender and terminate all or a portion of the leased lands at any time, on proper notice, but will not receive a refund of any rent paid in advance.
- Governing Laws. The agreement is intended for use in the Province of Alberta.
- The template is available in MS Word format. Fully editable and reusable.
