Copyright (c) 2001 Oklahoma Law Review
Oklahoma Law Review
ARTICLE: THE DEVELOPMENT OF THE MODEL FORM OPERATING AGREEMENT: AN INTERPRETATIVE ACCOUNTING
**Member, Mock, Schwabe, Waldo, Elder, Reeves & Bryant, P.L.L.C., Oklahoma City, Oklahoma. J.D., University of Oklahoma College of Law, 1995; A.B., Dartmouth College, 1992.
54 Okla. L. Rev. 211
John R. Reeves*
The American Association of Petroleum Landmen (AAPL) Form 610 Model Form Operating Agreement 1 has been in use in the oil and gas industry in one form or another since 1956. The various versions of the Model Form Operating Agreement continue to be widely used. Reference to a joint operating agreement in the context of an oil and gas matter normally concerns one of the versions of the Model Form Operating Agreement.
Based upon an empirical analysis, it appears that ten years ago, relatively few cases dealt specifically with the AAPL Form 610 Model Form Operating Agreement. Within the last few years, however, a growing number of appellate decisions address the Model Form Operating Agreement. These cases provide lawyers with some insight and guidance concerning the interpretation and application of the various versions of the AAPL Form 610 Model Form Operating Agreement.
The following article provides a comprehensive analysis of various court decisions that specifically address one of the versions of the AAPL Form 610 Model Form Operating Agreement. Part I of this article begins with a brief historical accounting of the development of the AAPL Form 610 Model Form Operating Agreement. Part II provides an analysis of the general relationship created by the Model Form Operating Agreement between the designated operator and the non-operators. The remainder of this article provides a discussion of court decisions interpreting specific provisions of the Model Form Operating Agreement. 2
I. History of the Model Form Operating Agreement
Until 1956, no standard ...
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