Farmout Agreements definition

Farmout Agreements means any farmout agreement, participation agreement, exploration agreement, development agreement or any similar agreement.
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Farmout Agreements means each of those Company Contracts described on Schedule 1.2(nn).
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Farmout Agreements means the Xxxxxxx Farmout Agreement and the GHP Farmout Agreement.
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Examples of Farmout Agreements in a sentence

  • In particular, the Respondent refers to the circumstances in which the Farmout Agreements were inadvertently “discovered” by Moores Rowland in 2003/2004, alleging that OEPC in fact then resisted disclosure of the agreements.

  • No provision for both Hong Kong Profits Tax and PRC Income Tax has been provided for the year ended 31 March 2007 as the Group did not have any assessable profits for both jurisdictions in that year.

  • Farmout Agreements The Farmout Agreement together with the Joint OperatingAgreement.

  • Even admitting ( quod non) that the assignment could be severable from the Farmout Agreements, Ecuador is at a loss to understand how a claim for the nullity of the assignment 130 R I at 547.131 R I at 549-557; R II at 442-457.132 R I at 558-570; R II at 458-476.133 R I at 571-578; R II at 477-493.134 R I at 584.135 R I at 591-646; R II at 510-560.136 R I at 647-655; R II at 561-566.137 R I at 661.could be admissible when the parties to the assignment are not the parties to the judicial proceedings138.

  • When the Tribunal awarded Claimants a compensation calculated on the basis of 100% of the value of Block 15, it was assuming jurisdiction over Claimants’ alleged ownership rights over a 40% interest in the Farmout Property, disregarding that in accordance with the Farmout Agreements Claimants had transferred those rights to AEC/Andes.

  • Given that AEC was not a party to the underlying arbitration, the majority lacked the authority to declare the Farmout Agreements without validity137.

  • Farmout Agreements are common agreements in the oil and gas business by which the owner of a lease agrees to assign an interest in the lease to another if it drills a well on the lease.” Shell Rocky Mountain Prod., LLC v.

  • This idea was taken up by the majority of the Tribunal, who agreed that the assignment of rights could be severed from the underlying Farmout Agreements, and while the former was automatically null and void and inexistent, by application of Article 79 HCL, the latter remained valid.

  • Many Farmout Agreements provide that once the farmee has recouped the cost of drilling the well from the well’s production (i.e. payout), the farmor is entitled to “back in” for a percentage of the working interest, whereupon the well becomes a “joint account” well under the attached Operating Agreement.

  • In those Farmout Agreements where the farmor retains a working interest in any formation, the farmor often pays the delay rentals and bills the farmee/assignee on a surface acre (prorated) basis for reimbursement.


More Definitions of Farmout Agreements

Farmout Agreements means the Farmout Agreement-Qinnan PSC, dated June 17, 2003, by and between Xxxxxxxx China Inc., a Delaware corporation, and the Company, as amended, and Farmout Agreement-Shouyang PSC, dated June 17, 2003, by and between Xxxxxxxx China Inc., a Delaware corporation, and the Company.
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Farmout Agreements are those Agreements described on Exhibit D.
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Farmout Agreements means agreements in the forms attached as Schedule "P";
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Farmout Agreements means the Farmout Agreements for Petrotrin's Contract Area and TED's Contract Area dated October , 1999.
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Related to Farmout Agreements

  • VIE Agreements means the Exclusive Service Agreement, the Exclusive Call Option Agreement, the Shareholder Voting Rights Proxy Agreement and the Equity Pledge Agreement entered into by and among some or all of the Parties hereto on the same day this agreement is entered, including any supplemental agreements or amendments to such agreements, and any other agreements, contracts or legal documents executed or issued by one or more Parties and/or Party C’s affiliated enterprises from time to time to ensure the performance of the aforesaid agreements, signed or accepted by Party A in writing.

  • PJM Agreements means the PJM OATT, PJM Operating Agreement, PJM RAA and any other applicable PJM manuals or documents, or any successor, superseding or amended versions thereof that may take effect from time to time.

  • Farm-Out Agreement means a Farm-In Agreement, viewed from the standpoint of the party that transfers an ownership interest to another.

  • Acquisition Agreements means the Nexstar Acquisition Agreement and the Mission Acquisition Agreement, and “Acquisition Agreement” means the applicable agreement in the context used.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Interconnection Agreements means, collectively, (a) an agreement by and among Owner, TransÉnergie and ISO-NE that sets forth such parties’ respective rights and obligations following the interconnection at the U.S. Border of the NECEC Transmission Line with the Québec Line and (b) an agreement by and between Owner and ISO-NE that sets forth such parties’ respective rights and obligations following the interconnection at the Delivery Point of the NECEC Transmission Line with certain transmission facilities operated by ISO-NE. The Interconnection Agreements shall address cost responsibilities among entities other than the Distribution Company and the other RFP Sponsors and shall include provisions, both technical and otherwise, for safe and reliable interconnected operations of the HVDC Transmission Project following Commercial Operation (including use of the HVDC Transmission Project for the delivery of electric power in emergency circumstances).

  • Lock-Up Agreements means the lock-up agreements that are delivered on the date hereof by each of the Company’s officers and directors and each holder of Common Stock and Common Stock Equivalents holding, on a fully diluted basis, more than 5% of the Company’s issued and outstanding Common Stock, in the form of Exhibit A attached hereto.

  • Development Agreements means all development, utility or similar agreements included in the Permitted Encumbrances.

  • Construction Agreements means agreements to which Tenant is a party for Construction Work, rehabilitation, alteration, repair, replacement or demolition performed pursuant to this Lease.

  • Project Agreements means collectively, this Concession Agreement, the Financing Documents, Construction Agreements and Operation & Maintenance Agreements, in each case as amended, supplemented or otherwise modified from time to time and any other agreements or contract that may be entered into by the Concessionaire with any person in connection with matters relating to, arising out of or incidental to the Project.

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • Settlement Agreements means any settlement reached in the U.S. Litigation with any of the Settling Defendants.

  • Operating Agreements means the management agreements, service contracts, supply contracts, leases (other than the Leases) and other agreements, if any, in effect with respect to the construction, ownership, operation, occupancy or maintenance of the Property. All of the Operating Agreements in force and effect as of the date hereof are listed on Exhibit E attached hereto.

  • Existing Agreements has the meaning as set forth in Section 3.2 hereof.

  • petroleum agreement means an agreement for the purpose of petroleum activities entered into by Government and another person in accordance with this Act;

  • JOA means the joint operating agreement currently in force in respect of operations pursuant to a Licence and identified as such in Schedule 1;

  • Assignment Agreements The following Assignment, Assumption and Recognition Agreements, each dated as of March 29, 2006, whereby certain Servicing Agreements solely with respect to the related Mortgage Loans were assigned to the Depositor for the benefit of the Certificateholders:

  • RFP Documents means the following documents to be entered into by the parties to the respective agreements in connection with the supply of power:

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Seller Agreements means those agreements between Seller and third parties, including Artists and/or PRO, wherein Seller is entitled to receive the Percentage Interest of all Assets.

  • Offtake Agreement means any refining, smelting, brokering, sale, marketing and/or processing agreement entered into by the Owner or its Affiliates with respect to Minerals produced from the Property;

  • Easement Agreement means any conditions, covenants and restrictions, easements, declarations, licenses and other agreements which are Permitted Encumbrances and such other agreements as may be granted in accordance with Section 19.1.

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Oil and Gas Leases means all leases, subleases, licenses or other occupancy or similar agreements under which a Person leases, subleases or licenses or otherwise acquires or obtains operating rights in and to Hydrocarbons or any other real property which is material to the operation of such Person’s business.

  • Other Agreements means, collectively, (a) all existing and future agreements and instruments between, among or by Borrower (or an affiliate), on the one hand, and Lender (or an affiliate), on the other hand, and (b) any financing agreement or a material agreement that affects Borrower’s ongoing business operations.

  • Project Documents means all documents relating to the Construction Loan, Mortgage Loan and Construction Contract. It shall also include all documents required by any governmental agency having jurisdiction over the Apartment Housing in connection with the development, construction and financing of the Apartment Housing, including but not limited to, the approved Plans and Specifications for the development and construction of the Apartment Housing.