What is the benefit of having a shared well agreement? Why not just have a verbal agreement? It provides owners and users assurances that their interests will be protected. It will give the well owner enforcement against the other well users that they help pay for the maintenance, repair costs. And water and electricity.
protects owners a guaranteed source of water
WSA gives assurances to people receiving water from the well. Without a written shared well agreement a well owner could deny access to anyone wishing to access the water.