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    Participation Agreement for Oil & Gas Exploration


    Write up a Participation Agreement for oil and gas exploration on rural land with this easy-to-use template.

    • Parties and Purpose. The agreement is between a private land owner and an operator to fulfill work commitments and perform exploration with respect to various oil and gas properties.
    • Participation. The operator will pay 100% of the costs of the work commitments. The title holder will hold a 50% interest in trust for the operator and will transfer this interest to the operator upon its fulfillment of its duties under the agreement.
    • Payment of Costs. Each party will be responsible for paying all taxes, royalties and charges levied or assessed against its participating interest.
    • Format. This legal contract template is available in MS Word format and is fully editable to fit your needs.
    Download Type: Microsoft Word
    Last Updated: 02-August-2021
    SKU: 747