The AAPL 610 model agreement is by far the most common enterprise agreement commonly used in the oil and gas industry, so any other proposed joint enterprise agreement should, in my view, be immediately suspect. To fully understand the modern model of the oil and gas agreement, it helps to know a little about the history of the form, the common annexes, the things that should be paid attention to, as well as the standard practices used to work with it. All AAPL and non-subscription subscriptions are available to subscribers through Contract Center. The inherent inefficiency of wheel reinvention for each drilling company led in 1956 to the development of the first American Association of Professional Lands (AAPL) Form 610 Model Form Operating Agreement (AAPL Form 610-1956). Revised forms followed in 1977, 1982 and 1989. AAPL forms have become the norm in the United States and will be at the center of this chapter. The AAPL has begun the revision of Form AAPL 610-1989 Business Agreement Model (AAPL Form 610-1989) 19 and, in the coming years, it is likely that all industry professionals will discuss what the drafting board is proposing or what the editorial board should do. This chapter addresses some of the issues that often arise with enterprise agreements and proposes to the drafting committee a number of changes that they might consider. In particular, this chapter will focus on what we can learn from others.
and has made some of the provisions of the International Petroleum Negotiaters Association (AIPN) 2012 Model International JOA (AIPN 2012 JOA), the Canadian Association of Petroleum Countries (CAPL) 1 2007 Operating Procedure (CAPL 2007 Operating Procedure), the Australian Mining and Petroleum Law Association (AMPLA) Model Petroleum Petroleum Operating Joint Operating Agreement (AMPLA 2011 JOA). , the United Kingdom Offshore Operators Association (UKOOA) Model Form JOA (UKOOA 2009 JOA) and model forms from the Rocky Mountain Mineral Law Foundation. This chapter also examines AAPL`s recent offshore projects, which the AAPL editorial board could consider to address the recurring issues under discussion. For reasons of time and space, operator-related issues – in particular operator responsibility and operator distance – will be at the centre of concerns. It is important that once you have purchased and downloaded your JOA form, you carefully read the instructions (especially the “revision balloon settings”) before working with the program. It might seem a little ridiculous to have all these editing balloons that would stand out on the side of the deal when you send it. You should also make sure that the text is entirely in black, unlike the standard colors of MS Word for the edited text. “I`m a big fan.
The information is indeed very useful. If you use the form, note that when deleting something is simply crossed by the text instead of deleting it from the document. This is planned because it is a written document and the other parties to the agreement should be able to easily view your revisions. Add the text inserted above the printed form line. You`ve added a convenient “Check-a-Box” feature to process document selection areas and removed a revision button under the Forms tab on a hard drive in MS Word. Contract Room is a software tool that uses the latest technologies to enable subscribers to modify and access AAPL model agreements.