Carried Interest and Joint Operating Agreement

Have a carried, un-leased interest in six wells in Panola County, Texas.  Signed pooling agreement, ratified unit agreement.  Three wells have reached payout.  Operator has requested that we sign Joint Operating Agreement.  Not sure what the advantage/disadvantage is for me.

Also, need oil/gas attorney who can practice in Texas to review agreement prior execution, if we decide to sign. 

Thank you for any input, recommendations, experiences, etc.

Tags: APO, Agreement, Carried, Interest, Joint, Operating, Unleased, interest, mineral

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Permalink Reply by Skip Peel - Mineral Consultant on December 21, 2021 at 15:53

My O&G attorneys practice in Texas.  Davidson Summers APLC in Shreveport.  318.424.4342  Randy Davidson is the lead attorney at the firm.  He can also be reached at rsdav@dividsonsummers.com.  I'd be interested in the firm's take on signing JOA since you are not technically a Working Interest owner.

Permalink Reply by Kenny Holloway on December 21, 2021 at 17:07
Thank you for your reply. I will be sure to post the outcome.

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