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- canada oil and gas form (26)
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- farmout agreement (4)
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Alberta Farmout and Participation Agreement
Prepare a Farmout and Participation Agreement for Alberta oil and gas wells with this fully editable template.
- Encumbrances. If the interest of any party to the Agreement becomes encumbered, such encumbrance will be charged to and paid by that party.
- No Warranty. The farmor makes no warranty of title to the farmout lands or the title documents.
- Test Well. The farmee will spud the test well and drill to at least contract depth, lot and test, and either complete, cap or abandon it in accordance with the agreement and the Regulations.
- Substitute Well. The agreement contains provisions for drilling a substitute well.
- Insurance. The farmee is responsible for obtaining and maintaining control of well insurance.
- Earned Interest Calculation. The farmee's earned interest in the farmout lands is calculated as 100% of the farmor's interest down to earning depth in the lands and title documents that comprise the test well spacing unit, subject to encumbrances, and a specified percentage of the remainder.
- Option Well. The template also includes clauses for option well election.
- Percentage Interest. Provisions for calculating each party's share of expenses and percentage of interest.
- Jurisdiction. This Farmout and Participation Agreement is governed by the laws of the Province of Alberta.
- Available as a downloadable MS Word template.
$29.99
Alberta Joint Operating Agreement
Enter into a Joint Operating Agreement to govern operation and maintenance of Alberta oil and gas properties with this customizable template.
- The parties collectively own 100% interest in the subject lands and want to provide for the operation and maintenance of the title documents and the joint lands.
- All benefits, revenues, costs and expenses will be apportioned among the parties according to their respective interests.
- Provisions for selection of leases earned by drilling of prior lease earning wells, including method of selection if the parties cannot agree.
- The operator is responsible for making timely application for royalty holidays or abatements on behalf of the parties.
- The operator is given the authority to make GST elections on behalf of the parties.
- This Joint Operating Agreement is a downloadable and fully editable legal document that is intended for use in the Province of Alberta, Canada.
$17.99