District of Columbia Farmout - Horizontal Wells

State:
Multi-State
Control #:
US-OG-704
Format:
Word; 
Rich Text
Instant download

Description

Should any Party elect not to participate in any Horizontal Exploratory Well, other than the Initial Well proposed under the terms of the Agreement, the non-participating Party agrees to farmout to the participating Parties its interest.

How to fill out Farmout - Horizontal Wells?

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FAQ

Virginia well drilling regulations require adherence to several safety factors when installing a private well. First, the person installing a private well must obtain a construction permit (12 VAC 5-630-230 & 240).

A permit is required prior to the construction of all new wells and the repair, modification or abandonment of an existing well regardless of the size. The permit ensures that wells are built by licensed water well contractors and conform to water well construction standards within the State of Florida.

out agreement, the key agreement documenting a transaction whereby a third party agrees to acquire an interest in an upstream oil and gas asset (licence or other form of concession) from one or more of the current owners in return for performing certain work obligations, such as the acquisition of seismic, the ...

Most well construction projects in the District require a well construction permit before the project can begin. However, there are some cases where a permit is not needed.

One example is where it is projected that the farmee will pay for 75% of the drilling costs, the parties may agree that upon meeting the earning barrier, the farmee will obtain a 75% interest in the acreage committed to the well, or even the entire contract area.

Yes. Private water well Notice of Intent (NOI) permit applications, for properties up to five acres, are available at our office, through Arizona Department of Water Resources (ADWR), or through your drilling company. The application must be filled out completely and accurately, including well driller information.

Water Wells - General Information In California, landowners have a right to use groundwater beneath their parcel. There is not a permit required to use the water; however it is subject to the "reasonable and beneficial use" clause. See "Water Rights" for more info. There are several advantages of having your own well.

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District of Columbia Farmout - Horizontal Wells