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Simple English definitions for legal terms

bottom-hole agreement

Read a random definition: androlepsy

A quick definition of bottom-hole agreement:

A bottom-hole agreement is a contract in the oil and gas industry where one party agrees to give money or property to another party if they drill a well to a certain depth and provide geological or drilling information. This agreement helps to reduce the cost or risk of drilling operations for the party receiving the support, while the contributing party gets valuable information about the well. It is also known as a support agreement or contribution agreement.

A more thorough explanation:

A bottom-hole agreement is a type of support agreement in the oil and gas industry. It involves one party agreeing to provide cash or other resources to another party in exchange for geological or drilling information if a well is drilled to a certain depth.

For example, Company A may agree to contribute money to Company B if Company B drills a well on a lease that it holds and provides Company A with information from tests conducted. If the well is drilled to the agreed depth, Company B will receive the contribution from Company A.

This type of agreement is beneficial for both parties. Company A gets access to valuable information that can help with future drilling operations, while Company B receives financial support that can help offset the costs and risks of drilling.

botiler of the king | bottomland

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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