Farmout Agreement Sample Contracts

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HyperDynamics Corporation – FARMOUT AGREEMENT BY AND BETWEEN SCS CORPORATION LTD. AS FARMOR, AND SOUTH ATLANTIC PETROLEUM LIMITED AS FARMEE DATED MARCH 30, 2017 FARMOUT AGREEMENT FOR: 50% Participating Interest PRODUCTION SHARING CONTRACT REPUBLIC OF GUINEA (April 6th, 2017)

THIS FARMOUT AGREEMENT (this Agreement) is made and entered on March 30, 2017 (the Execution Date) by and between SCS Corporation Ltd., a company registered in the Cayman Islands, with its address at 12012 Wickchester Lane, Suite 475, Houston, TX 77079, USA, a wholly owned subsidiary of Hyperdynamics Corporation, a Delaware corporation traded on the OTCQX (the Farmor), and South Atlantic Petroleum Limited, a company registered under the laws of the Federal Republic of Nigeria, with its registered address at 11th and 12th Floors, South Atlantic Petroleum Towers, 1 Adeola Odeku Street, Victoria Island, Lagos, Nigeria (the Farmee). Farmor and Farmee are collectively referred to herein as the Parties and individually referred to as a Party.

Kosmos Energy Ltd. – Farmout Agreement Relating To (February 27th, 2017)

THIS AGREEMENT is entered into on the 15th day of December 2016 by and between Kosmos Energy Mauritania, a company existing under the laws of the Cayman Islands (hereinafter referred to as "Farmor") and BP Exploration (West Africa) Limited, a company existing under the laws of England and Wales (hereinafter referred to as "Farmee"). The companies named above, and their respective successors and assignees (if any), may sometimes individually be referred to as "Party" and collectively as the "Parties".

JANUARY 2016 BRIGANTES ENERGY LIMITED SOUTHWESTERN RESOURCES LTD and PETRO RIVER UK LIMITED Farmout Agreement United Kingdom Seaward Petroleum Licence - P2123 and Northern Ireland Onshore Licence PL1/10 (January 20th, 2016)

means the basis of accounting under which costs and benefits are regarded as applicable to the period in which the liability to the cost is incurred or the right to the benefit arises regardless of when invoiced, paid or received, and "Accrue" and other derivatives shall be construed accordingly;

Torchlight Energy Resources Inc – Farmout Agreement (September 29th, 2015)

In exchange for the payment of the initial one million and 00/100 Dollars ($1,000,000.00) identified in Article 3.1 (a) above at Closing, Farmor shall assign, transfer and convey to Farmee, and Farmee agrees to accept, an undivided fifty percent of eight-eighths (50% of 8/8ths) leasehold interest and a thirty seven and one half percent of eight-eighths (37.5% of 8/8ths) net revenue interest in the Mineral Interests free and clear of all liens and Encumbrances to Farmee and the Parties shall each execute and deliver the Assignment at Closing ("Assigned Interest"). Subsequent to Closing, Farmee will own a fifty percent (50%) working interest in all wells that are drilled on the Farmout Lands and retain the one (1) Section of acreage on which each well is located (as set forth in Schedule "A") on the Farmout Lands. Farmee will pay all recording costs associated with the Assignment and will be responsible for recordation.

ERHC Energy Inc – FARMOUT AGREEMENT Between ERHC ENERGY KENYA LIMITED and CEPSA KENYA LIMITED Relating to Block 11A, Kenya (May 14th, 2014)
ERHC Energy Inc – FARMOUT AGREEMENT Between ERHC ENERGY KENYA LIMITED and CEPSA KENYA LIMITED Relating to Block 11A, Kenya (April 7th, 2014)

ERHC ENERGY KENYA LIMITED, a company registered in Kenya and having its registered office at P.O Box 38649-00623, Nairobi, Kenya (hereinafter referred to as the "Farmor"); and

Samson Oil & Gas Limited – Farmout Agreement (March 6th, 2014)

This Farmout Agreement ("Agreement") is made and entered into this 28th day of February, 2014, by and between Fort Peck Energy Company, LLC, a Delaware Limited Liability Company whose address is 1515 Wynkoop Street, Suite 360, Denver, Colorado 80202 U.S.A. ("FPEC") and Samson Oil and Gas USA Montana, Inc., a Colorado corporation whose address is 1331 17th Street, Suite 710, Denver, CO 80202 U.S.A. ("Samson") (Samson and FPEC are each a "Farmor" and collectively are the "Farmors"), and Momentus Energy LLC, a Delaware Limited Liability Company whose address is 1221 Avenue of the Americas, New York, NY 10020 ("Momentus" or "Farmee"). FPEC, Samson and Momentus are each a "Party" and collectively are the "Parties".

Axiom Oil & Gas Corp. – FARMOUT AGREEMENT Toole County, Montana (October 31st, 2013)

This Farm out Agreement ("Agreement") is entered into this 25th day of October, 2013, by and between Axiom Oil and Gas Corp., (hereinafter referred to as "Axiom") and American Midwest Oil and Gas Corp., (hereinafter referred to as "AMOG"). Axiom and AMOG may be referred to individually as a "Party" or collectively as the "Parties."

Deep Well Oil & Gas – Farmout Agreement (October 15th, 2013)

The following provisions of the standard form 2007 CAPL Operating Procedure are incorporated herein by reference, as may be modified below:

Blue Water Petroleum Corp. – Farmout Agreement (July 5th, 2013)

All notices and other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been duly given and to be effective on the date such communications are received by personal delivery, by nationally recognized overnight courier or three (3) business days after the date on which the same is deposited with the United States Postal Service as registered or certified mail, postage prepaid, return receipt requested, or by email communication, with a confirmation sent by registered or certified mail or overnight courier return receipt requested, addressed to the Parties at the addresses specified below or at such other address as the Party to whom the notice is sent has designated to the other Party in writing:

Norstra Energy Inc – Farmout Agreement (March 18th, 2013)

Summit West Oil, LLC, a company incorporated under the laws of the State of Washington and having an office at 1048 West 11th. Avenue, Spokane, WA 99204

Delta Oil Gas – Farmout Agreement (November 14th, 2012)

THIS FARMOUT AGREEMENT ("Agreement") is made effective the 7th day of September, 2012 between Delta Oil & Gas, Inc. (hereinafter referred to as "Delta") and MPG King City Project, L.P., (hereinafter referred to as "MPG").

Gulf United Energy, Inc. – Contract (June 19th, 2012)
Gulf United Energy, Inc. – FIRST AMENDMENT TO THE FARMOUT AGREEMENT BETWEEN SK INNOVATION, SUCURSAL PERUANA (Formerly SK ENERGY, SUCURSAL PERUANA) AND GULF UNITED ENERGY CUENCA TRUJILLO LTD. DATED MAY 31, 2010 ("Farmout Agreement") (December 27th, 2011)
FARMOUT AGREEMENT Dated November 2, 2011 TAMM OIL AND GAS CORP. And (December 1st, 2011)

WHEREAS the parties have entered into this Farmout and Overriding Royalty Agreement in order to formalize the terms upon which TAMM is prepared to farm out its undivided interest in the Farmout Lands to ***, subject to the reservation of an overriding royalty to TAMM;

Gulf United Energy, Inc. – Amendment No. 2 Farmout Agreement (November 29th, 2011)

This Amendment No. 2 to the Farmout Agreement (this "Agreement") is entered into November 28, 2011 to be effective on October 30, 2011 (of "Amendment No. 2 Effective Date") between SK INNOVATION CO., LTD. (formerly known as SK Energy Co., Ltd.), a corporation organized and existing under the laws of the Republic of Korea ("Farmor"), and GULF UNITED ENERGY DE COLOMBIA LTD., a company organized and existing under the laws of the British Virgin Islands ("Farmee"). Farmor and Farmee are sometimes referred to collectively as "Parties" and individually as "Party."

Alamo Energy Corp. – Farmout Agreement (November 16th, 2011)

THIS FARMOUT AGREEMENT (this "Agreement"), dated as of November ___, 2011 (the "Execution Date"), by and among Alamo Energy Corp., a Nevada corporation (the "Seller"), and Northdown Energy Limited., a limited liability company registered in England ("Buyer"). Seller and Buyer are referred to collectively herein as the "Parties" and individually as a "Party." Capitalized terms not otherwise defined shall have the meanings assigned to such terms in Article X.

Hydrocarb Energy Corp – Farmout Agreement (November 15th, 2011)

Area of Mutual Interest. The Parties agree that they shall enter into an area of mutual interest which shall encompass the Prospect, as otherwise outlined on Exhibit 'D' (the "AMI"), and that if either Party shall acquire any acreage within the AMI not identified on Exhibit "A" within two (2) years of the Effective Date, then it shall for all intents and purposes be treated as though it was made a part of this Agreement as of the Effective Date. Should Farmee acquire any acreage within the AMI during the Evaluation Period or during the Development Period not identified on Exhibit "A", then it shall add all costs for the acquisition of the acreage to the Capital Costs and shall cause Farmor to be assigned its Retained Working Interest, which shall also be subject to the provisions regarding Payout Working Interest. Should either Party acquire the acreage after the Development Period has ended, then the Party that so acquired the acreage shall offer it to the other Party and said Party s

Gulf United Energy, Inc. – AMENDMENT No. 1 FARMOUT AGREEMENT (August 26th, 2011)

THIS Amendment No. 1 to the Farmout Agreement (this "Agreement") is entered into on August 25, 2011 ("Effective Date") between SK INNOVATION CO., LTD. (formerly known as SK Energy Co., Ltd.), a corporation organized and existing under the laws of the Republic of Korea ("Farmor"), and GULF UNITED ENERGY DE COLOMBIA LTD., a company organized and existing under the laws of the British Virgin Islands, ("Farmee"). Farmor and Farmee are sometimes referred to collectively as "Parties" and individually as "Party."

Imperial Resources, Inc. – RE: Farmout Agreement Terms for Lots 1-4, and the W/2 of W/2 of Section 33, Twp. 9S, Rge. 38E, Lea County, New Mexico. (July 14th, 2011)

This letter, when executed by all of the undersigned, shall constitute a contract (hereinafter referred to as the "Agreement") between Spindletop Oil & Gas Co., (hereinafter referred to as "Farmor") and Imperial Oil & Gas, Inc., (hereinafter referred to as "Farmee") governing certain drilling and other operations to be performed by Farmee and the right of Farmee, upon certain conditions, to earn a limited assignment from Farmor of Farmor's oil and gas leasehold rights, upon the terms, conditions and provisions as hereinafter set forth:

Black Raven Energy Inc – Farmout Agreement (November 19th, 2010)

THIS AGREEMENT (this Agreement) is made, entered into and effective this 23th day of July 2010 by and between, BLACK RAVEN ENERGY, INC., a Nevada corporation (FARMOR), and ATLAS RESOURCES, LLC, a Pennsylvania limited liability company (FARMEE).

Sun River Energy, Inc. – Re: Farmout Agreement Lake Murvaul Prospect Panola County, Texas (October 26th, 2010)

THIS AGREEMENT, entered into by and between Sun River Operating, Inc., hereinafter designated and referred to as Operator, and the signatory party or parties other than Operator, sometimes hereinafter referred to individually as Non-Operator, and collectively as Non-Operators.

Gulf United Energy, Inc. – Farmout Agreement (August 5th, 2010)

Any Party that now or hereafter has a right to claim sovereign immunity for itself or any of its assets hereby waives any such immunity to the fullest extent permitted by the laws of any applicable jurisdiction. This waiver includes immunity from (i) any expert determination, mediation, or arbitration proceeding commenced pursuant to this Agreement; (ii) any judicial, administrative or other proceedings to aid the expert determination, mediation, or arbitration commenced pursuant to this Agreement; and (iii) any effort to confirm, enforce, or execute any decision, settlement, award, judgment, service of process, execution order or attachment (including pre-judgment attachment) that results from an expert determination, mediation, arbitration or any judicial or administrative proceedings commenced pursuant to this Agreement. Each Party acknowledges that its rights and obligations hereunder are of a commercial and not a governmental nature.

Energen Resources, Inc. – Blue Hawk Farmout Agreement (August 4th, 2010)

WHEREAS Speebo has agreed to farmout its 100% undivided interest in the Blue Hawk Gold property claims near Kelowna, British Columbia (hereinafter called the "Acquisition Lands") as set forth in the attached Schedule "A" to BUYER on the terms and conditions set out in this Agreement;

Kentucky USA Energy, Inc. – Farmout Agreement (August 2nd, 2010)

THIS FARMOUT AGREEMENT entered into this the ________ day of ____________________, 2010, by and between WW Petroleum Service, Inc., P. O. Box 74, Dixon, Kentucky, 42409, hereafter referred to as FARMOR; and Kentucky USA Energy, Inc., 321 Somerset Rd., Suite 1, London, Kentucky, 40741, hereafter referred to as FARMEE;

Gulf United Energy, Inc. – Farmout Agreement (July 19th, 2010)
Antero Resources Corp – Farmout Agreement (April 30th, 2010)

This Farmout Agreement (this "Agreement") is made and entered into this 29th day of September, 2008, but effective as of September 30, 2008 (the "Effective Date"), by and among Dominion Exploration & Production, Inc. ("DEPI"), Dominion Appalachian Development, LLC and Dominion Transmission, Inc., (all of such entities collectively, "Farmor") and Antero Resources Appalachian Corporation ("Farmee"). Farmor and Farmee are collectively referred to herein as the "Parties" and each of Farmor and Farmee are sometimes referred to herein individually as a "Party".

Dynamic Hydrocarbons Ltd. – Farmout Agreement (April 29th, 2010)

STONE CANYON RESOURCES, INC., a body corporate registered in the State of Colorado, USA, and having an office at the City of Calgary, in the Province of Alberta, Canada

Morgan Mining Corp – Crater Creeek Farmout Agreement (March 16th, 2010)

WHEREAS Speebo has agreed to farmout its 100% undivided interest in the Crater Creek property claims near Atlin, British Columbia (hereinafter called the "Acquisition Lands") as set forth in the attached Schedule "A" to BUYER on the terms and conditions set out in this Agreement;

Dynamic Hydrocarbons Ltd. – Farmout Agreement (March 4th, 2010)

STONE CANYON RESOURCES, INC., a body corporate registered in the State of Colorado, USA, and having an office at the City of Calgary, in the Province of Alberta, Canada

Delta Oil Gas – FARMOUT AGREEMENT King City Oil Field King City Prospect Monterey County, California (August 18th, 2009)

THIS FARMOUT AGREEMENT ("Agreement") is made effective the 25th day of May, 2009 between Sunset Exploration, Inc. (hereinafter referred to as "Sunset") and Delta Oil & Gas, Inc. (hereinafter referred to as "Delta").

Dejour Enterprises Ltd – FARMOUT AGREEMENT Rio Blanco County and Moffat County, Colorado (June 30th, 2009)

This Farmout Agreement ("Agreement") is entered into this 14th day of November, 2008, by and between Laramie Energy II, LLC, (hereinafter referred to as "Laramie") and Dejour Energy (USA) Corp., (hereinafter referred to as "Dejour") and Brownstone Ventures (US), Inc., (hereinafter referred to as "Brownstone") (Dejour and Brownstone are, sometimes, hereinafter collectively referred to as "Dejour/Brownstone"). Laramie and Dejour/Brownstone may be referred to individually as a "Party" or collectively as the "Parties."

Far East Energy – Farmout Agreement Between Far East Energy (Bermuda), Ltd., Farmor and Arrow Energy International Pte. Ltd., Farmee March 13, 2009 (March 16th, 2009)

THIS FARMOUT AGREEMENT (this Agreement) is entered into on the 13th day of March, 2009, by and between Far East Energy (Bermuda), Ltd., a company existing under the laws of Bermuda (hereinafter referred to as Farmor) and Arrow Energy International Pte Ltd, a company organized under the laws of the Republic of Singapore (hereinafter referred to as Farmee). The companies named above, and their respective successors and assignees (if any), may sometimes individually be referred to as Party and collectively as the Parties.

West Canyon Energy Corp. – Farmout Agreement (September 19th, 2008)

THIS AGREEMENT is entered into on the [DAY] day of [MONTH] 2008 by and between PETROSOUTH ENERGY CORPORATION SUCURSAL COLOMBIA, a branch of the foreign corporation PetroSouth Energy Corporation, established by public deed 657 dated March 5, 2007, from Notary 35 of Bogota, legally represented by its authorized officer, Mr. FELIPE PIMIENTA BARRIOS, Colombian citizen, domiciled in Bogota, DC, identified with the citizen identification card number 79.785.924, according to the Certificate of Legal Existence and Representation issued by the Chamber of Commerce of Bogota, attached hereto as Exhibit A (hereinafter referred to as Farmor); and DELAVACO ENERGY COLOMBIA INC. SUCURSAL COLOMBIA, a Colombian Branch Office of DELAVACO ENERGY COLOMBIA INC., established by public deed 3.713 dated June 3 of 2.008, from Notary 6 of Bogota, legally represented by its authorized officer, Mr. ANDREW DEFRANCESCO, Canadian citizen, domiciled in Ontario, identified with Canadian Passport number WJ709416, accord

Cogeneration Corp Of America – Assignment of Farmout Interest (July 2nd, 2008)

THIS ASSIGNMENT is made and entered into, by and between, West Canyon Energy Corp., also known as PetroSouth Energy Corp. hereinafter collectively referred to as "Assignor", and Cobra Oil & Gas Company, hereinafter referred to as "Assignee".