Participation Agreement for Exploration

Write up 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.

This Participation Agreement for Exploration template is available as a downloadable MS Word form which is fully editable to fit your needs.