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- In the oil and gas industry, a farmout agreement is an agreement entered into by the owner of one or more mineral leases, called the "farmor", and another company who wishes to obtain a percentage of ownership of that lease or leases in exchange for providing services, called the "farmee."en.wikipedia.org/wiki/Farmout_agreement
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Farmout: What it Means, How it Works, Example
May 25, 2021 · A farmout is when a resource-producing property is outsourced for development to a third party or farmee. The farmee pays the owner (farmor) royalties on income generated from the outsourced activities. Learn how …
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Aug 21, 2014 · Farmouts are negotiated agreements taking many different forms that often include complex provisions. The parties would be wise to carefully review the terms and conditions of the farmout to ensure their rights and …
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