The petroleum explorationist's guide to contracts used in oil and gas operations
This volume provides articles and current sample forms of contract negotiation and drafting. The contents include: An introduction to oil and gas contracts; Effective deal negotiation; General principles of contract law and negotiation; Problems and pitfalls in support agreements; Sample support agreements; Basic concept of farmout agreements; Farmout negotiation checklist; ''Area of mutual interest'' provisions, Problems and pitfalls in 'contract (minimum) depth' and 'farmout (earned) depth' provisions; Options in interests assigned and reserved; Sample 'AMI' provision; ''conventional'' and ''revenue ruling 77-176'' farmout agreement forms; the AAPL model from operating agreement; 1982 revisions to the model form; Side-by-side comparisons of the 1956, 1977 and 1982 model forms, 1984 (1985) COPAS accounting procedure; Tax consequences of oil and gas exploration and development, revenue ruling 77-176; Use of tax partnerships and present assignments; Also materials on gas balancing agreements: Seismic options; and Structuring considerations.
- OSTI ID:
- 6068823
- Country of Publication:
- United States
- Language:
- English
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ACCOUNTING
AGREEMENTS
CONTRACT MANAGEMENT
CONTRACTS
DOCUMENT TYPES
EXPLORATION
GEOLOGIC DEPOSITS
GEOPHYSICAL SURVEYS
INDUSTRY
LAWS
MANAGEMENT
MINERAL RESOURCES
NATURAL GAS DEPOSITS
NATURAL GAS INDUSTRY
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PROGRAM MANAGEMENT
RESOURCES
REVIEWS
SEISMIC SURVEYS
SURVEYS
TAXES