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Participation Agreement for Exploration
Prepare a Participation Agreement for Exploration with this easy-to-use template.
- The agreement is between a land owner and an operator to fulfill work commitments and perform exploration with respect to various oil and gas properties.
- The operator will pay 100% of the costs of the work commitments. The title holder will hold a 50% interest in trust for the operator and will transfer this interest to the operator upon its fulfillment of its duties under the agreement.
- Each party will be responsible for paying all taxes, royalties and charges levied or assessed against its participating interest.
Download: Participation Agreement for Exploration
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