Picture of Alberta Purchase and Sale Agreement for Oil and Gas Leases Picture of Alberta Purchase and Sale Agreement for Oil and Gas Leases Picture of Alberta Purchase and Sale Agreement for Oil and Gas Leases Picture of Alberta Purchase and Sale Agreement for Oil and Gas Leases Picture of Alberta Purchase and Sale Agreement for Oil and Gas Leases Picture of Alberta Purchase and Sale Agreement for Oil and Gas Leases

Alberta Purchase and Sale Agreement for Oil and Gas Leases

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.
Document Type: Microsoft Word
Last Updated: 14-November-2024
SKU: 627
$29.99
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Alberta Checklist for Oil and Gas Purchase and Sale Agreement

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;
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Alberta Direction to Pay Proceeds of Oil and Gas Asset Exchange

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.
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Picture of Alberta Offer to Sell Interest in Crown Leases

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.
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Picture of Alberta Specific Conveyance Agreement for Oil and Gas Assets

Alberta Specific Conveyance Agreement for Oil and Gas Assets

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.
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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.
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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:
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Give up (quitclaim) your rights to oil and gas assets in Alberta with this downloadable Quit Claim Agreement.

  • The grantor (person giving up the rights) agrees to transfer to the grantee (transferee) its entire interest in the assets, which include petroleum and natural gas rights, equipment and miscellaneous interests.
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