Development of an Industry Model Pad Site Sharing Agreement

Location:  Calgary Petroleum Club
Time:  11:15 am – 1:00 pm

Industry is increasingly drilling from shared well pads where wells or facilities are not held in common interests.  This has created a need for an industry pad sharing agreement to manage both the shared surface rights and the related shared facilities serving the pad wells.  How can the rights of the Operator and Joint Operators under the respective Joint Operating Agreements be balanced with the needs of the single pad site Operator?

A joint PJVA-CAPL task force is developing a model well pad sharing agreement to strike such a balance for the typical pad site.  Join us to learn about the current vision to issue an initial draft of the document to industry in late March.  Click here to register.