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Citation Label: CO169
Publication Name: Master Contract Concerning Consolidated Oil and Gas Exploration and Production Facilities, Property, Purchase, Oil and Gas Mineral Leases and Reciprocal Compensation between Longmont and TOP Operating, 2012
Publication Type: MOU/MOA
Section Name:
Author Name: City of Longmont
Other Authors: TOP Operating Company
Contractor Name:
Publication Year: 2012
Publication No.:
External Link:

 

Local Source File: CO169_Contract_Longmont.pdf
Annotation: This Agreement/Memorandum of Understanding (MOU) is meant to provide for the coexistence of development of surface and mineral estates on the Property in a manner protective of health, safety and welfare of the City's citizens, to minimize the overall number of well locations, to protect the environment and to accommodate the rights of each other.
Required vs.
Recommended:
Required: "The Company agrees that it shall drill and/or operate oil and/or gas wells and associated surface facilities as specified on the Property …. All operations on the Property shall be conducted strictly in accidence with this Agreement, the Contract and all Exhibits thereto. … Subject to the terms and conditions of the Contract and this Agreement, the Sites shall be made available to the COmpany for its use and in their present condition for all oil and gas operations to be conducted by the Company in accordance with this Agreement and the Contract….provided, however, that any Company use or operation of the Property shall cully and strictly comply with all standards, terms and conditions of this Agreement and Contract, and with all applicable federal, state and local laws, rules and regulations." (Operator's Agreement, page 1)
Ownership: Federal, State, Private: "All operations on the Property [defined in the Contract and indicated on attached maps] and on other lands within the boundaries and jurisdiction of the City shall be governed by the OA, to the extent that the OA is not inconsistent with this Contract." (Master Contract, page 2)

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