2021年4月9日 | カテゴリー:未分類
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[Background: On September 11, The Carlyle Group (NASDAQ: CG) announced a $620 million drilling column with Diamondback Energy (NYSE: FANG). More details, consultants and related links can be found below.] New York, NY – September 11, 2018 – Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) and Diamondback Energy, Inc. (NYSE: FANG) have reached an agreement to finance the development of Diamondback`s oil and gas facilities in the San Pedro area of Pecos County, Texas, in the southern Delaware Basin. A Joint Development Agreement (“JDA”) is the most important DrillCo agreement and contains the full expression of the rights and obligations of the drillCo parties. Among the fundamental concepts of the JDA, the parties intending to sell their shares in the underlying assets, the JDA often deals with issues that frequently arise in relation to the sale. Conditions may include a right of first refusal, rights tag along and drag along. The main protections of the JDA are probably the transfer bans. A transfer ban protects the investor by prohibiting one of the parties from transferring their interest until a group of wells is drilled and completed; the other protects the operator by prohibiting the transfer until the full financing of the town planning plan. As a general rule, the JDA contains a Memorandum of the Common Jid which informs third parties of the parties` conditions and obligations under the common agreement. The JDA will almost always contain an assignment that will be used to provide the investor (subject to backversion) with the interest of the work in the leases and/or the corresponding wells. Endowments can be made from goods and goods, on a slice-based basis or simply on a regular basis, as negotiated by the parties.
The work interest earned may be carried over to the entire lease agreement or limited to a well-supported assignment. Both the assignment and the JDA memorandum are recorded in real estate data sets in the counties or counties where the underlying characteristics are located. “News feeds provide us with the latest legal analysis and practical information. There seems to be a comprehensive analysis that is beneficial to us in the analysis of different legal areas. It offers a quick-fire update of various legal developments and helps us stay informed. The items are well covered and contain the right amount of detail. The size and depth of the items are also good, so we can get the information you need very quickly. The articles are generally of pure quality and by high-level authors who provide articles concise enough to learn a lot about new developments in a short period of time.
I like the format because it`s easy to scan relevant articles. It`s a great tool. I like the fact that you can customize news feeds based on jurisdiction and workspace, and receive only information relevant to your practice. In the case of a DrillCo transaction, an operator contributes throughout the territory and the private equity investor helps cover most or all of the costs associated with drilling oil wells.
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