Alberta Offer to Purchase Oil and Gas Rights

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.

Prepare a Confidentiality Agreement for a purchase of oil and gas assets in Alberta with this easy downloadable template.

• The party interested in purchasing the oil and gas assets agrees to keep confidential and not disclose any of the seller's proprietary information that is disclosed to the interested party during the due diligence review and negotiations.
• The interested party also agrees not to divulge that any discussions or negotiations are taking place regarding the possible acquisition.
• The provisions of the Agreement do not extend to any information which is already in the public domain.
• Intended for use in the Province of Alberta, Canada.
• Download the form as a MS Word file.

Sell your interest in oil and gas leases with this Purchase and Sale Agreement for the Province of Alberta.

• The Vendor will prepare and pay the cost of the conveyances.
• The Vendor will remit the GST payable on the transaction.
• The closing is subject to several conditions, including satisfactory completion of the purchaser's review.
• The Agreement contains standard representations and warranties given by each party.
• Each party indemnifies the other.
• Operating costs and proceeds will be adjusted as of the adjustment date, and the purchase price will be adjusted accordingly.
• The Vendor will maintain the assets in accordance with good oil field practice until the closing and will not make any commitments or expenditures in excess of a specified amount without the consent of the Purchaser.
• The Vendor will give appropriate notice to third parties with rights of first refusal.
• This Purchase and Sale Agreement for oil and gas leases is intended for use in the Province of Alberta, Canada.

Transfer title to oil and gas assets in Alberta with this simple Specific Conveyance Agreement form.

• The Conveyance form transfers the vendor's (seller's) interest in certain petroleum lands, leases, rights, units and facilities being sold and transferred to the purchaser under a Purchase and Sale Agreement.
• The purchaser becomes liable for all obligations with respect to the interests on the closing date.
• This legal contract template is available in MS Word format and is fully editable.
• Intended for use in the Province of Alberta, Canada.