Tag: anatomy of a JOA
Posted by: Austin Brister
in Primers and Insights
In Introduction to Joint Operating Agreements, we reviewed several of the critical roles the Joint Operating Agreement plays within the oil and gas industry. One of the first steps to understanding the JOA is to understand the anatomy of its several components. The AAPL Joint Operating Agreement is organized into the following sections, in order:
- Cover page,
- Table of contents,
- 15 sections of standard provisions labeled as “articles,”
- An article designed exclusively for custom provisions, and
- Several placeholders for exhibits which parties may identify.
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