This form is used in the event any part to this Agreement elects not to participate in a Horizontal Exploratory Well, the non-participating party shall, on commencement of operations for the well, relinquish to the participating party one hundred percent (100%) of its rights, title, and interests in and to that portion of the Contract Area included within the Drilling Unit for the well and one hundred percent (100%) of the party’s rights, title, and interests in and to that portion of the Contract Area.
The California Relinquishment Provision refers to a specific regulation in the oil and gas industry that governs the relinquishment of horizontal wells in the state of California. This provision outlines the necessary procedures and guidelines for properly decommissioning and abandoning horizontal wells once their productive lifespan is over or if they no longer serve any practical purpose. Keywords: California Relinquishment Provision, horizontal well, oil and gas industry, decommissioning, abandoning, productive lifespan. When it comes to different types of California Relinquishment Provision — Horizontal Wells, there are a few variations worth mentioning: 1. Primary Well Relinquishment: This type involves the relinquishment of horizontal wells that have reached the end of their productive lifespan and are no longer economically viable. The operator must follow specific protocols outlined in the California Relinquishment Provision to safely seal the well and restore the surrounding environment. 2. Abandoned Well Relinquishment: In some cases, wells may be abandoned due to technical difficulties, reservoir depletion, or other unforeseen circumstances. The California Relinquishment Provision provides guidelines for proper abandonment to prevent any potential environmental hazards and ensure public safety. 3. Redevelopment Relinquishment: This particular type of relinquishment is applicable when an operator decides to redevelop a well or an oil field. If the existing horizontal well becomes obsolete or does not align with the redevelopment plans, the California Relinquishment Provision mandates proper abandonment procedures before new drilling operations can commence. 4. Lease Expiration Relinquishment: When the lease on the property where a horizontal well is located expires or is terminated, the California Relinquishment Provision stipulates that the operator must relinquish the well. This ensures that operators do not leave abandoned wells on the property, safeguarding the environment and preventing potential accidents. By adhering to the specific protocols laid out in the California Relinquishment Provision, operators can responsibly decommission horizontal wells, reducing the industry's environmental footprint and ensuring the protection of California's natural resources. Overall, the California Relinquishment Provision serves as a crucial regulation in the oil and gas industry, helping to maintain the integrity and sustainability of horizontal wells in the state. It establishes clear guidelines for relinquishing different types of horizontal wells, ensuring operators prioritize safety, environmental preservation, and public welfare.The California Relinquishment Provision refers to a specific regulation in the oil and gas industry that governs the relinquishment of horizontal wells in the state of California. This provision outlines the necessary procedures and guidelines for properly decommissioning and abandoning horizontal wells once their productive lifespan is over or if they no longer serve any practical purpose. Keywords: California Relinquishment Provision, horizontal well, oil and gas industry, decommissioning, abandoning, productive lifespan. When it comes to different types of California Relinquishment Provision — Horizontal Wells, there are a few variations worth mentioning: 1. Primary Well Relinquishment: This type involves the relinquishment of horizontal wells that have reached the end of their productive lifespan and are no longer economically viable. The operator must follow specific protocols outlined in the California Relinquishment Provision to safely seal the well and restore the surrounding environment. 2. Abandoned Well Relinquishment: In some cases, wells may be abandoned due to technical difficulties, reservoir depletion, or other unforeseen circumstances. The California Relinquishment Provision provides guidelines for proper abandonment to prevent any potential environmental hazards and ensure public safety. 3. Redevelopment Relinquishment: This particular type of relinquishment is applicable when an operator decides to redevelop a well or an oil field. If the existing horizontal well becomes obsolete or does not align with the redevelopment plans, the California Relinquishment Provision mandates proper abandonment procedures before new drilling operations can commence. 4. Lease Expiration Relinquishment: When the lease on the property where a horizontal well is located expires or is terminated, the California Relinquishment Provision stipulates that the operator must relinquish the well. This ensures that operators do not leave abandoned wells on the property, safeguarding the environment and preventing potential accidents. By adhering to the specific protocols laid out in the California Relinquishment Provision, operators can responsibly decommission horizontal wells, reducing the industry's environmental footprint and ensuring the protection of California's natural resources. Overall, the California Relinquishment Provision serves as a crucial regulation in the oil and gas industry, helping to maintain the integrity and sustainability of horizontal wells in the state. It establishes clear guidelines for relinquishing different types of horizontal wells, ensuring operators prioritize safety, environmental preservation, and public welfare.
