This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Louisiana Drilling Requirements
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Multi-State
Control #:
US-OG-790
Format:
Word;
Rich Text
Instant download
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How to fill out Drilling Requirements?
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FAQ
Back when records began, oil wells were an average of 3,635 feet deep. But that was 65 years ago - and since 1949 we have used up these 'shallow' reserves. Oil is a finite resource, meaning we now have to dig deeper to find it - with the 2008 average depth coming in at an average of 5,964 feet.
7 ways oil and gas drilling is bad for the environment Pollution impacts communities. ... Dangerous emissions fuel climate change. ... Oil and gas development can ruin wildlands. ... Fossil fuel extraction turns visitors away. ... Drilling disrupts wildlife habitat. ... Oil spills can be deadly to animals.
About 23 million Federal acres were under lease to oil and gas developers at the end of FY 2022. Of that, about 12.4 million acres are producing oil and gas in economic quantities.
Modern fracking leases typically cover ~1 mile by ~3 miles. That is ~2000 acres. This allows horizontal lengths of nearly three miles. Actual drilling occurs on a drill pad covering about two acres.
The development of an oil and gas field costs millions of dollars and may require long time (5-10 years) to be fully realized.
Any water well in Louisiana must be installed by a licensed water well drilling contractor. It is recommended that owners of domestic water wells have their systems routinely inspected and tested for biological and chemical contaminants each year. What is a water well?
Drilling a residential water well costs $25 to $65 per foot or $3,750 to $15,300 on average for a complete system and installation.
Wells drilled in search of oil to depths below 3,000 feet subsea shall not be located closer than 330 feet from any property line nor closer than 900 feet from any other well completed in, drilling to, or for which a permit shall have been granted to drill to, the same pool.
