How to prepare an oil and gas farmout agreement

Journal Article · Wed Dec 31 23:00:00 EST 1980 · Public Land Resour. Law Dig.; (United States)

OSTI ID:5533673

Scott, J R

A farmout agreement is usually defined as a contract to assign oil- and gas-lease rights in a certain acreage upon completion of drilling obligations and the performance of any other covenants and conditions therein contained. This review of the legal aspects of farmout agreements as alternatives to formal lease agreements includes a description of farmouts followed by an outline of major provisions in a typical agreement. The appendix includes a checklist of questions that lawyers will want to ask their clients, a sample farmout agreement, and a list of six recommended references. (DCK)

• OSTI ID: 5533673
• Journal Information: Public Land Resour. Law Dig.; (United States), Journal Name: Public Land Resour. Law Dig.; (United States) Vol. 18:2; ISSN PRLDD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
021000 -- Petroleum-- Legislation & Regulations
03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
CONSUMER GUIDES
CONTRACTS
GEOLOGIC DEPOSITS
LEASES
LEGAL ASPECTS
MINERAL RESOURCES
NATURAL GAS DEPOSITS
PETROLEUM DEPOSITS
RESOURCES