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Under 11 U.S.C. Section 101, the term:
(21A) ''farmout
agreement'' means a written agreement in which -
(A) the owner of a right to drill, produce, or operate
liquid or gaseous hydrocarbons on property agrees or has agreed to transfer or assign all
or a part of such right to another entity; and
(B) such other entity (either directly or through its
agents or its assigns), as consideration, agrees to perform drilling, reworking,
recompleting, testing, or similar or related perations, to develop or produce liquid or
gaseous hydrocarbons on the property;
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