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Alberta Pooling and Joint Operating Agreement
Enter into a Pooling and Joint Operating Agreement for operating and maintaining oil and gas wells in Alberta with this customizable template.
- The parties agree to pool and combine their working interests.
- Each party has the right to build a production facility, however they must offer the other parties the right to participate and join in the construction and ownership of such facility.
- The agreement sets out an area of mutual interest comprised of petroleum and natural gas interests which lie at least 50% within a specified geographic area. If any party acquires an interest in lands within the mutual interest area, it must give the other parties an option to purchase an interest equal to their respective participating interests.
- This Pooling and Joint Operating Agreement is a Canadian legal form intended for use within the Province of Alberta.
$17.99
Alberta Offer to Purchase Interest in Crown Leases
Use this downloadable template to make an offer to purchase an interest in crown leases in the Province of Alberta.
- Allocation of Purchase Price. The offer details how the purchase price will be allocated between petroleum and natural gas rights, tangibles, and miscellaneous interests.
- Interest Calculations. This sample offer letter includes two interest clauses - one for no interest, and one for interest to be calculated from the effective date to the date before closing.
- Formal Agreement. If accepted, the offeror will prepare a formal purchase and sale agreement.
- Conditions Precedent. The offer is subject to:
- the offeror performing a satisfactory due diligence review of all books, files, records, and contracts;
- the offeror receiving all necessary regulatory approvals;
- a satisfactory environmental audit by the offeror;
- the vendor being satisfied that Alberta Energy will approve the transfer.
- Jurisdiction. The offer form is written to be used in the Province of Alberta but can be modified for use in other Canadian provinces.
- How to Get the Form. You can download the MS Word template immediately after purchasing it.
$14.99
Alberta Offer to Sell Interest in Crown Leases
Sell your interest in certain crown leases with this template form for Alberta oil and gas assets.
- Allocation of Purchase Price. The offer sets out how the purchase price will be allocated between petroleum and natural gas rights, tangibles, and miscellaneous interests.
- Calculation of Interest. The template contains two interest clauses - one if interest is being calculated, and one if no interest is payable.
- Acceptance. If accepted, the offeror will prepare a formal purchase and sale agreement.
- Conditions Precedent:
- The offer is subject to the purchaser performing a satisfactory due diligence review of all books, files, records, and contracts.
- The transaction is subject to the purchaser receiving all necessary regulatory approvals for the sale.
- The offer is also conditional upon the purchaser conducting a satisfactory environmental audit.
- The transaction is subject to the vendor being satisfied that Alberta Energy will approve the transfer.
- Environmental Liability. The purchaser will assume all environmental liabilities.
- Jurisdiction. The offer is written with the intention of being used within the Province of Alberta. However, it can be modified for use in other provinces of Canada.
$14.99
Alberta Trust Agreement for Gas Leases
Appoint a trustee to hold gas leases in trust for a beneficiary with this customizable template for the Province of Alberta.
- The beneficiary is a party who has purchased the interest in the gas leases from the trustee.
- The trustee will continue to hold title to the leases in trust on behalf of the beneficiary.
- The beneficiary will be liable to the trustee for all costs and damages which the trustee may suffer or pay.
- The beneficiary agrees to indemnify and hold the trustee harmless against any claims, actions, costs, losses or damages arising from the trustee acting as trustee under the Agreement.
- This Trust Agreement for Gas Leases is a fully editable legal form that is intended for use in the Province of Alberta.
$12.49