Georgia 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.

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FAQ

Oil and gas producing states AlaskaIllinoisTexasArkansasKansasVirginiaArizonaKentuckyWest VirginiaCaliforniaLouisianaWyomingColoradoMaryland2 more rows

Georgia does not have any crude oil production or proved petroleum reserves. None of the nearly 200 exploration wells drilled in the state during the 20th century were successful.

South Georgia and the South Sandwich Islands have no onshore oil and gas potential although offshore sedimentary basins could exist. Nevertheless the territory has no identified indigenous oil or gas resources.

Petroleum. Georgia does not have any crude oil production or proved petroleum reserves. None of the nearly 200 exploration wells drilled in the state during the 20th century were successful. Georgia no longer has any petroleum refineries.

True Natural Gas sources its natural gas from onshore wells, primarily in Texas and Louisiana. We also get some of our natural gas from offshore wells in the Gulf of Mexico. After passing through to federally-regulated companies, the gas is transferred into Atlanta Gas Light's distribution system.

Oil and gas drilling has never taken place in Georgia, and exploration for conventional fossil fuels stopped in the 1970s. In the 2000s oil and gas companies began buying up leases to explore the state's shale plays.

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Georgia Farmout - Horizontal Wells