Contract Well Operating AgreementThe Contract Well Operating Agreement Task Force was formed in April 1994 to create a model form for contract well operating agreements. Although this agreement is used broadly in our industry and has good acceptance, it often takes on many forms. It was felt that membership would benefit from a comprehensive model format. This model uses "plain language". Clarity and readability were a goal of the Task Force.
The Contract Well Operating Agreement Task Force completed a rewrite of the model agreement in 2003.