October 2013

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The American Association of Professional Landmen (AAPL) anticipates the release of the newest Operating Agreement format specifically related to horizontal drilling. Beginning in 1956 the AAPL has promulgated a standard format Operating Agreement for use onshore in the oil and gas industry, with revision in 1977, 1982 and 1989. Also the AAPL has developed standard Operating Agreement for use offshore. (more…)