Alberta Offer to Purchase Interest in Crown Leases

Make an offer to purchase a working interest in petroleum and natural gas rights on land in Alberta with this sample Offer Letter.

• Scope of Agreement. The assets being purchased include all wells, equipment, facilities and other associated or related interests.
• Assumption of Obligations. The purchaser will assume the vendor's obligations with respect to operational notices already received by the vendor.
• Conditional Offer. The offer is subject to:
  • a satisfactory title opinion;
  • the purchaser's due diligence review of all files, records and deeds related to the working interest.
• Jurisdiction. The template is written for the Province of Alberta but can be easily adapted for use in other jurisdictions.
• How to Get the Form. To download the Offer to Purchase form, add it to your shopping cart and pay for it via our secure checkout.

Use this 7-page checklist to help you prepare a Purchase and Sale Agreement for petroleum and natural gas rights in Alberta.

The checklist covers the issues to consider and the documents to be obtained and reviewed as part of the transaction, such as:

• definitions of important terms;
• how the purchase price will be allocated;
• maintenance of the business;
• access to pertinent records and documents;
• representations of the purchaser and the seller;
• conditions of closing.

This Alberta Checklist for Oil and Gas Purchase and Sale Agreement is available as a downloadable and fully editable MS Word form.

Instruct a purchaser how to pay the proceeds for an oil and gas asset exchange with this free Direction to Pay form for Alberta properties.

• The Direction is given in connection with an Asset Exchange Agreement.
• The vendor directs the purchaser how and where to pay the purchase price for petroleum and natural gas properties.
• The form is downloadable and fully editable. Click the Download button to download the Direction to Pay form to your computer or device.

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.

Use this free template form to conduct an Oil and Gas Title Review for properties in the Province of Alberta, including:

• details of the governing agreement,
• chain of title information,
• a summary of the parties involved and their respective interests,
• a list of ancillary documents required.

This free Alberta Oil and Gas Title Review Form is a downloadable MS Word document.

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.