Communitization Agreement State-Fed or State-Fed-Fee is a legal document that was released by the New Mexico State Land Office - a government authority operating within New Mexico.
Q: What is a Communitization Agreement?
A: A Communitization Agreement is a legal agreement between oil and gas operators that allows them to combine or share production from adjacent oil and gas leases.
Q: What does State-Fed mean in a Communitization Agreement?
A: State-Fed means that the agreement involves both state and federal lands.
Q: What does State-Fed-Fee mean in a Communitization Agreement?
A: State-Fed-Fee means that the agreement involves both state and federal lands, and the operators are required to pay a fee for the sharing of production.
Q: Is the Communitization Agreement applicable only to New Mexico?
A: No, Communitization Agreements are used in various states that have oil and gas operations.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the New Mexico State Land Office.