Oil and Gas Asset Purchase and Sale Agreement (Upstream, Pro-Seller) (Long Form) | Practical Law
A long-form agreement for the purchase and sale of specific assets of a private upstream oil and gas company, drafted in favor of the seller. A seller can use this form when it has control of the initial draft or as a reference when reviewing a buyer's initial draft. This Standard Document is generally based on Texas law and assumes a single buyer and a single seller. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.