%PDF-1.4 %���� 0000030128 00000 n Typos and oversights can and do happen. 753 20 c"2�( �����mܡ��|.~��x�G,a3�_��� �c�̶�Ө78�>@;CH#Z�k,A�� 9J6��Y�Q �`0���� 0000003966 00000 n experienced companies that have decided to undertake a high risk or All other parties which do not indulge in the # That should get you started. �D�o�q��h����j�����XCC1��;Uа��.54 �2��PL������jU��� �,H{[�j]��� �� ]�A��A�:���4HWk�jkЮ֠�֠]�Ak�A{Z�V[�v����j Zm ������5(o ڞ[���j Vm ������5�KZ�u����j Vm ������5Y�9�gt�qZ$ׇ��ᢥ���B�Y%�pI���î=[��J�r|�)�ͪI� ���PnV%m)�! A joint operating agreement, typically designated as JOA, is a contract between two or more mineral interests that collaborate on a gas or oil lease to share resources and expertise. H You can add additional forms to your library as you need them. The Joint Operating Agreement (JOA) is widely used in the oil industry as a contractual framework for joint ventures on different continents and standards. To get you started with Forms On-A-Disk, I recommend getting the following forms: the 1982 Joint Operating Agreement, the 1989 Joint Operating Agreement, the recording supplement, the gas balancing agreement (JOA610E) and the COPAS 2005. The parties to the agreement can be broadly classified as operators and non-operators. The Joint Operating Agreement (JOA) in the oil and gas industry is an underlying contractual framework of a joint venture. JOA are common both in the United Kingdom Continental Shelf (UKCS) and globally. Their agreement became typical of the type—both papers were printed on … ܻ�#4D�0,(���)����Ӗ;������-������E�e>�ޣM�G{݁|���F"�;8'o!��˖,2� Q4K�B\��ƴl,*hhB�x!��5��A�����h���㡡� ~��A�R3 the joint operating agreement • a joint operating agreement (joa) is usually entered into after period of negotiation among the participants. The contracting parties may, on the whole, be classified as economic and non-operator operators. The joint operating agreement (JOA) is one of the cornerstone contracts in the petroleum projects world and is often the starting point for further essential agreements relating to natural gas and crude oil processing, sales and transportation. U� b �Y0�a�AD ��(I���I Joint Operating Agreements were protected by the Newspaper Preservation Act of 1970 under the administration of President Richard Nixon. The operator is responsible for all the E&P activities on a lease. x��X{Lw��z-W{-E�'��E��2&A�T��N�c�-&7�U_S�q�� ���l �if3�,.�Y�bL��P�v1'����-ۯ>�� ` � ���@�J¤�&|�*"��s�v��v���'{a���h"V\�7����0���]�YsŶ�^���OW�g�6FS���II��>RtbŶ-�#nZ2�%�(�a�WS����w�|,�)�gR�WkX{�ެ�r�eW�ֳ7a�����0��1�:�\��խ��+��U����g�i�;w�'��6)�0��.h1�������r!�C�>���5�#�-;����k;H��]�roV��e63�x|z��1� �$f+N1:�&�������o(?Òm��M�]l��i�D�L��z�!Քr e��df�(����j&o%Ĕ�3DE PݚO��*%7p9&���n�u��o�yW�Xh;5�0��!#��5��v8��%���1��Ě���ZUֹ ����>#�{7{fiR��TJKq;��&��X A joint operating agreement (“JOA”) is the joint venture agreement between the contractors: it allocates, generally on a several basis, the liabilities and responsibilities between the contractors and sets out a contractual framework for undertaking the exploration and development operations. ��`j*��bj*��Bj*��bj*��bj*��bj*��bj*��j*��bj��aj��aj��Qj��aj��aj��Aj��\�.�o��M]6�cQg�ll97��%�ō��#u{��zyt��=�@�C�Nlw�E���W 5��v�*��������� ą���-T�`a��(4�BS,4�Bs�4�Js�,�Js�4�Js�4NJsl4�Fsl4�Fsl4�Fsl,��\������qXA��}r��tw.���������9}|8�Ø�ݽr���������eW����g�n\c\�� �Ӳ4v�\���7��Z���>�`�G]Åh�M9�4�D�o A JOA provides the contractual basis for the cooperative exploration, development, and production of oil and gas properties among multiple leasehold cotenants. 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