This form is used when any party electing not to participate in an exploratory well after the exploratory well has been drilled, relinquish and assign to the Drilling Party or Parties one hundred percent (100%) of its rights, title and interests in the Drilling Unit and the eight (8) Drilling Units directly and diagonally offsetting the Drilling Unit on which the well was drilled.
Guam Relinquishment Provision - Exploratory Well
Category:
State:
Multi-State
Control #:
US-OG-717
Format:
Word;
Rich Text
Instant download
Description
How to fill out Relinquishment Provision - Exploratory Well?
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FAQ
Absolutely! U.S. citizens and permanent residents don't need a visa to live on Guam. After all, Guam is a U.S. territory. If you have the legal right to live in the 50 U.S. states, you also have the legal right to live on Guam?no additional paperwork required.
Five territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands) are permanently inhabited, unincorporated territories; the other nine are small islands, atolls, and reefs with no native (or permanent) population.
Guam became a U.S. territory in 1898 and placed under the jurisdiction of the U.S. Navy. The Guam Organic Act of 1950 conferred U.S. citizenship on Guamanians and established the territory's government. The Act also transferred Federal jurisdiction over Guam from the U.S. Navy to the Department of the Interior.
Today, the political status of Guam is basically the same as it was at the time the island was ceded to the US by Spain. Guam remains an unincorporated territory that is not on a track to statehood.
Guam was valuable as a place from which planes could land and take off and ships could refuel. As World War II intensified in the Pacific, Guam became even more important to the United States as a base for possible attacks against Japan.
