Exclusive Geophysical Agreement Sample Contracts

EXCLUSIVE GEOPHYSICAL AGREEMENT # 2
Exclusive Geophysical Agreement • November 22nd, 2011

WHEREAS, under the provisions of Sub-Part A of Chapter 2 and Chapter 3, Title 30 of the Louisiana Revised Statutes of 1950, as amended, and other applicable law ( together the "Appropriate Law"), the Louisiana State Mineral and Energy Board (the "Board"), acting as the duly authorized agent for the State of Louisiana (the "State"), has determined that it will enter into Exclusive Geophysical Agreements (“EGA”) on a public bid basis in order to have 3D or other more advanced forms of geological or geophysical surveys (“Advanced Seismic") conducted on lands and waterbottoms owned by the State, and to promote, as a result thereof, the mineral leasing of said State lands and waterbottoms; and

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EXCLUSIVE GEOPHYSICAL AGREEMENT TRACT 43645 - Iberia and St. Martin
Exclusive Geophysical Agreement • October 1st, 2013

The Exclusive Geophysical Agreement is a Type # 3, and carries a maximum Initial Term of eighteen (18) months, with an Option Term, if exercised by additional payment as specified in the agreement, of six (6) months. The Exclusive Geophysical Agreement #3, shall be effective from November 13, 2013 for a period terminating May 13, 2015 unless the option period is activated by payment of the option payment amount set forth in the agreement, in which case the termination date shall be November 12, 2015, and which agreement authorizes the successful bidder to conduct at least 3-D geophysical operations on all state-owned water bottoms situated in an area in Iberia and St. Martin Parishes, which area is identified for convenience as Tract No. 43645 and is more particularly described hereinafter, and further, which Tract shall exclude and not be deemed to cover any area subject to an existing oil and gas lease or Operating Agreement from the State of Louisiana lying within the geographical b

EXCLUSIVE GEOPHYSICAL AGREEMENT TRACT 42243 - St. Mary Parish, Louisiana
Exclusive Geophysical Agreement • June 23rd, 2011

The Exclusive Geophysical Agreement is a Type #2, and carries a maximum Initial Term of Eighteen (18) months, with an Option Term, if exercised by additional payment as specified in the Agreement, of Six (6) months period. The Exclusive Geophysical Agreement #2, shall be effective from August 10, 2011 for a period terminating February 10, 2013, unless the Option period is activated by payment (timely) of the Option payment amount set forth in the Agreement, in which case the termination date shall be August 10, 2013, and which Agreement authorizes the successful bidder to conduct at least 3-D geophysical operations on all state owned water bottoms situated in St. Mary Parish, Louisiana, which area is identified for convenience as Tract # 42243 and is more particularly described hereinafter, as follows: Beginning at a point having Coordinates of X = 1,894,707.00 and Y = 394,501.00; thence South 89 degrees 52 minutes

EXCLUSIVE GEOPHYSICAL AGREEMENT TRACT 36129 - Plaquemines Parish,
Exclusive Geophysical Agreement • December 15th, 2003

The Exclusive Geophysical Agreement is a Type # 3 , and carries a maximum Initial Term of eighteen (18) months, with an Option Term, if exercised by additional payment as specified in the agreement, of six (6) months. The Exclusive Geophysical Agreement #3, shall be effective from February 16, 2004, for a period terminating August 15, 2005, unless the option period is activated by payment of the option payment amount set forth in the agreement, in which case the termination date shall be February 15, 2006, and which agreement authorizes the successful bidder to conduct at least 3-D geophysical operations on all state-owned water bottoms situated in an area in Plaquemines Parish, which area is identified for convenience as Tract No. 36129 and is more particularly described hereinafter, and further, which Tract shall exclude and not be deemed to cover any area subject to an existing oil and gas lease or Operating Agreement from the State of Louisiana lying within the geographical boundar

EXCLUSIVE GEOPHYSICAL AGREEMENT TRACT 44790 - Jefferson Parish, Louisiana The Exclusive Geophysical Agreement is a Type #3, and carries a maximum Initial Term of Eighteen (18) months. The Exclusive Geophysical Agreement #3, shall be effective from...
Exclusive Geophysical Agreement • July 26th, 2017

21647, 21648, 21649, 21650, 21651 and 21652 as well as Operating Agreements AO321 and AO331 that may lie within the above described tract, containing approximately 2,734 acres, all as more particularly outlined on a plat on file in the Office of Mineral Resources, Department of Natural Resources. All bearings, distances and coordinates are based on the Louisiana Coordinate System of 1927, (North or South Zone), where applicable.

EXCLUSIVE GEOPHYSICAL AGREEMENT
Exclusive Geophysical Agreement • July 30th, 2015

Exclusive Geophysical Agreements (EGAs) are authorized under Title 30, Chapter 3, Sections 208 through 216 of the Louisiana Revised Statutes of 1950. An EGA may be obtained from the State Mineral and Energy Board (SMEB), through the Office of Mineral Resources (OMR). The three types of EGAs are EGA Type I, EGA Type II, and EGA Type III. Descriptions of the three types of EGA are detail in LAC 43:V.103.

EXCLUSIVE GEOPHYSICAL AGREEMENT # 3
Exclusive Geophysical Agreement • August 22nd, 2007 • Louisiana

WHEREAS, under the provisions of Sub-Part A of Chapter 2 and Chapter 3, Title 30 of the Louisiana Revised Statutes of 1950, as amended, and other applicable law ( together the "Appropriate Law"), the State Mineral Board of the State of Louisiana ( the "Board"), acting as the duly authorized agent for the State of Louisiana ( the "State"), has determined that it will enter into exclusive geophysical agreements on a public bid basis in order to have 3D or other more advanced forms of geological or geophysical surveys ("Advanced Seismic") conducted on lands and waterbottoms owned by the State, to obtain for itself, as confidential material, access to the data resulting from said advanced seismic activity, and to promote, as a result thereof, the mineral leasing of said State lands and waterbottoms; and

EXCLUSIVE GEOPHYSICAL AGREEMENT TRACT 37188 - Iberville and Ascension Parishes, Louisiana
Exclusive Geophysical Agreement • January 13th, 2005

The Exclusive Geophysical Agreement is a Type #3, and carries a maximum Initial Term of eighteen (18) months, with an Option Term, if exercised by additional payment as specified in the agreement, of six (6) months. The Exclusive Geophysical Agreement #3, shall be effective from February 9, 2005 for a period terminating August 9, 2006 unless the option period is activated by payment of the option payment amount set forth in the agreement, in which case the termination date shall be February 9, 2007, and which agreement authorizes the successful bidder to conduct at least 3-D geophysical operations on all state-owned water bottoms situated in Iberville and Ascension Parishes, which area is identified for convenience as Tract No. 37188 and is more particularly described hereinafter, as follows: Beginning at a point having Coordinates of X = 2,044,804.04 and Y

EXCLUSIVE GEOPHYSICAL AGREEMENT TRACT 44089 - St. Mary Parish, Louisiana
Exclusive Geophysical Agreement • August 21st, 2014

The Exclusive Geophysical Agreement is a Type #3, and carries a maximum Initial Term of Eighteen (18) months, with an Option Term, if exercised by additional payment as specified in the Agreement, of Six (6) months period. The Exclusive Geophysical Agreement #3, shall be effective from October 8, 2014 for a period terminating April 8, 2016, unless the Option period is activated by payment (timely) of the Option payment amount set forth in the Agreement, in which case the termination date shall be October 8, 2016, and which Agreement authorizes the successful bidder to conduct at least 3-D geophysical operations on all state owned water bottoms situated in St. Mary Parish, Louisiana, which area is identified for convenience as Tract #44089 and is more particularly described hereinafter, as follows: Beginning at a point having Coordinates of X = 1,940,272.60 and Y = 417,772.10; thence South 00 degrees 00 minutes 24 seconds East 35,426.31 feet to a point having Coordinates of X = 1,940,27

EXCLUSIVE GEOPHYSICAL AGREEMENT TRACT NO. 44213 - St. Martin, St. Mary and
Exclusive Geophysical Agreement • December 3rd, 2014

The Exclusive Geophysical Agreement is a Type #2, and carries a maximum Initial Term of Eighteen (18) months, with an Option Term, if exercised by additional payment as specified in the Agreement, of Six (6) months period. The Exclusive Geophysical Agreement #2, shall be effective from January 14, 2015 for a period terminating July 14, 2016, unless the Option period is activated by payment (timely) of the Option payment amount set forth in the Agreement, in which case the termination date shall be January 14, 2017, and which Agreement authorizes the successful bidder to conduct at least 3-D geophysical operations on all state owned water bottoms situated in St. Martin, St. Mary and Iberia Parishes, Louisiana, which area is identified for convenience as Tract #44213 and is more particularly described hereinafter, as follows: Beginning at a point having Coordinates of X = 1,975,862.38 and Y = 499,350.55; thence South 00 degrees 11 minutes 05 seconds East 26,244.83 feet to a point having

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