Farm-Out Agreements Attorneys

When one company wishes to acquire the acreage of another company for drilling purposes, a farm-out agreement can be used to solidify this arrangement. This agreement is usually beneficial when the company that owns the acreage has determined it is unable or unwilling to take on the costs and risks of developing the land for drilling, but does want to maintain an interest in the profits of such an undertaking.

If a company is unable to develop expiring acreage because of budget restraints or wants to reduce or eliminate risk but still receive a return on investment, "farming out" is the best option. However, if a company can withstand the costs of drilling and is willing to accept greater risk and costs, then they can look into "farming in."

Throne Law Office, P.C., represents either party in all aspects of farm-out, farm-in, and mineral development agreements, from initial drafting to modification, enforcement, and the dissolution of such a contract. The firm's attorneys are fully prepared to serve clients in Wyoming, Colorado, Montana, and North Dakota.

Farm-In Agreements Lawyers Serving Wyoming, Colorado, Montana And North Dakota

Whether you are in need of a farm-out or farm-in agreement, Throne Law Office, P.C., can assist you with every step in the process. The firm's attorneys have the depth and breadth of experience necessary to produce sound documents, negotiate any necessary modifications or, if needed during disputes, advocate for your interests in litigation.

Contact Throne Law Office, P.C.

Discuss your legal needs with an experienced Throne Law Office, P.C. attorney today! Call Throne Law Office, P.C. at 307-672-5858 or send an email. regarding your current legal needs and your message will be returned promptly.