Oil Exploration Services Agreement
Hipterra's technology-assisted hydrocarbon exploration proposal — direct subsurface signal detection with >90% validated accuracy. Complete the details, review the terms, sign, and accept. You'll preview the full signed document before final submission.
Agreement Details
Key Terms
A plain-language summary. The full proposal is in the agreement PDF.
- Scope (5) — Project planning & ROW, field deployment, multi-pass data acquisition, ML-assisted interpretation, Indicator Zone mapping, and deliverables (shapefiles/KML/GeoJSON, anomaly map, technical report, drill-recommendation matrix).
- Pricing (8) — Mobilization/demob at $1.75/mile each direction; mapping $2,000–$12,000 per sq mi, quoted per project.
- ORRI (8C) — Hipterra proposes a 1–3% Overriding Royalty Interest on new commercial wells tied to Hipterra-identified anomalies; final mechanics documented in the MSA.
- Timeline (9) — Project start within 30 days of executing the MSA; final deliverables typically 3–6 weeks after field completion.
- Disclaimer (6) — Interpretations are one input among multiple tools; no guarantee of presence, quantity, or commercial viability. Final decisions remain with the operator.
- Terms (11) — Proposal valid 60 days; all legal terms governed by the MSA, which supersedes this Proposal in any conflict.
Acceptance
By signing, the Client/Operator recognizes, accepts, and approves this proposal, subject to the Master Services Agreement.
Hipterra, LLC
Robb Miller, Managing Member
Countersigned by Hipterra upon receipt.
Client / Operator
A copy of the signed agreement will be sent here.
Draw your signature above