Farm-Out Agreement definition

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

Farm-Out Agreement means a Farm-In Agreement, viewed from the standpoint of the party that grants to another party the right to earn an ownership interest in an Oil and Gas Property.

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

Examples of Farm-Out Agreement in a sentence

• Indonesian Farm-OutDuring a prior year, the Company and GeoPetro Resources Company (“GeoPetro”) of San Francisco, California entered into a Farm-Out Agreement (“FOA”) with an effective date of 1 January 2000.Per the FOA, the Company farmed out 40% of its 100% undivided interest in each Indonesian property (5i, 5ii) and provided a proportionate security interest in each of the operating subsidiaries such that at closing GeoPetro owns a 40% interest in each property.

• One of the wells is part of the Farm-Out Agreement pushing development southwest, two are part of the Carry Agreement targeting the Middle Bakken formation in areas the Company already has producing Three Forks wells, and four are regular working interest wells (two Middle Bakken and two Three Forks).

• Within no more than thirty days after the Effective Date for this Settlement Agreement, the Gastar Parties will provide the initial draft and work together with the GeoStar Parties to finalize the language of the separate document with all of the terms of the Xxxxx Trust Farm-Out Agreement, which will incorporate and merge the terms set forth in this Section 5.03.

• Specific reference is hereby made to that certain Carry Agreement (the “Carry Agreement”) and that certain Farm-Out Agreement (the “Farmout Agreement”) each dated August 12, 2013, but effective as of June 1, 2013, by and between Borrower, AMZG and USG Properties Bxxxxx I, LLC (“USG”).

• Page Three Terms of Farm-Out Agreement October 14, 2014 ENTIRE AGREEMENT This Agreement supersedes any previous written or oral agreement between the Parties in relation to the matters dealt with in this Agreement and contains the whole agreement between the Parties relating to the subject matter of this Agreement at the date hereof to the exclusion of any terms implied by law which may be excluded by contract.

More Definitions of Farm-Out Agreement

Farm-Out Agreement means an agreement to which section 96 applies; “Mining Act” means the Mining Act (Cap. 146);

Farm-Out Agreement means a Farm-In Agreement, viewed from the standpoint of the party that transfers an ownership interest to another. “First Lien RBL Credit Agreement” means that certain Amended and Restated Credit Agreement dated as of July 31, 2013 among the Issuer,

Farm-Out Agreement means the farm-out agreement in respect of Blocks 1708, 1709 and 1808 in offshore Namibia dated December 2014 between Camelot Investment Group (PTY) Ltd and ShoreCan, as amended by an amendment agreement dated February 4, 2015;

Farm-Out Agreement means an agreement whereby the Company or a Restricted Subsidiary has granted a Person an option to pay all or a share of the exploiting, exploring, gathering or other expenses of exploration, development, processing, gathering or production of gold, copper, zinc or other base or metals (which agreement may be subject to a maximum payment obligation, after which expenses are shared in accordance with the working or participation interests therein or in accordance with the agreement of the parties) or perform such exploiting, exploring or gathering in exchange for an option to acquire an ownership interest from the Company or a Restricted Subsidiary in the related property.

Farm-Out Agreement means a Royalty Agreement pursuant to which a Vendor has granted to a Third Party an option or other right to acquire an interest in a Property and pursuant to which a Royalty relating to production from such Property has been conferred on or reserved by or may otherwise become payable to the Vendor;

Farm-Out Agreement means a Farm-In Agreement, viewed from the standpoint of the party that transfers the ownership interest in an Oil and Gas Property to another.

Farm-Out Agreement means an agreement to which Article 42 of this Proclamation applies;