This template is an oil and gas asset purchase joint venture agreement for a proposed acquisition of either a midstream natural gas gathering or processing facility, or the purchase of an interstate or intrastate natural gas storage facility. This template includes practical guidance, drafting notes, and alternate and optional clauses. This agreement includes terms that address, among other things, the following: • The name of the venture • The venture's entity type • The parties' ownership interests in and capital contributions to the venture • The allocation of gains and losses in the venture • The management and administration of the venture • The parties' fiduciary obligations • How to withdrawal from the joint venture • How to transfer a joint venture interest • How to wind up the joint venture For additional information on joint ownership of energy assets through submitting a joint bid as part of an energy purchase transaction, see Joint Study and Bid Agreement. For additional ...