Products tagged with 'canada oil and gas form'

Sort by

Display per page

Alberta Partial Assignment and Novation Agreement

One party (the assignor) assigns a portion of its rights and interest in certain oil and gas properties to another party (the assignee).
The assignor novates the assignee as a party to the original agreement under which the assignor acquired its interest.
All other parties to the original agreement waive their pre-emptive rights.
The template is for the Province of Alberta, but can be easily adapted for oil and gas rights in other areas.
To get your copy of the Partial Assignment and Novation Agreement, simply add it to your cart and check out. You'll be able to download it right after payment is made.

$17.99

The Assumption is part of the documents required for an assignment of oil and gas interests.
The assignee agrees to assume the assignor's obligations as trustee under a Declaration of Trust, under which the assignor held the working interests in certain oil and gas properties in trust.
The file includes a Consent of Beneficiary form.
This form is available as a fully editable template which can be easily customized to fit your needs.
Intended to be used only in the Province of Alberta, Canada.

$12.49

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

Test Well. The farmor agrees to start drilling the test well at its sole cost and risk. The farmee will then continue drilling to the contract depth, log and test, and either complete, equip or abandon the test well in accordance with the agreement.
Encumbrances. If the interest of a party becomes encumbered, such encumbrance will be charged to and paid by that party.
Cost Reimbursement. The farmee will reimburse the farmor on a per diem basis for rentals and penalties payable under the title document.
Earned Interest Calculation. The farmee's earned interest in the farmout lands is calculated as 100% of the farmor's interest in the producing zones, and 50% of the remainder of the lands.
Default. The agreement sets out the rights and remedies of each party in the event of default.
Jurisdiction. The Farmout Agreement is a downloadable and customizable Canadian oil and gas contract intended for use in the Province of Alberta.

$29.99

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

The agreement deals with ownership, operation, development of and production of petroleum substances from the pooled lands.
Operations on the pooled lands will be conducted without regard to boundaries of the title documents, as if the pooled lands were covered by a single petroleum and natural gas lease.
Each party holds its title documents in trust for the other parties, insofar as they relate to the pooled lands.
Production, revenue and expenses are allocated to the parties according to their respective pooled interest.
The pooling arrangement will terminate if the farmee fails to earn its earned interest.
The farmee will spud the test well at its sole cost and risk, and will then continue drilling to the contract depth, log and test, and either complete or cap or abandon the well in accordance with the agreement and the Regulations.
Provisions for drilling a substitute well if serious difficulties are encountered and the first well is abandoned.
The CAPL Operating Procedure will govern.
This Alberta Pooling and Farmout Agreement can be easily edited to fit your circumstances.

$29.99