This is a provision for an Operating Agreement that concerns the Assignment of rights to an obligatory well. It provides the assignment options if any proposed operations are necessary to maintain a Lease covered by the Agreement in force or an agreement to earn a lease(s) which would otherwise expire unless operations are conducted.
Kansas Obligatory Well, also known as Kansas OW, is a mandatory oil well-being drilled in the state of Kansas in accordance with the Kansas Corporation Commission's regulations. These wells target specific oil or gas reservoirs and are an integral part of the state's oil and gas industry. Here, we will provide a detailed description of what exactly a Kansas Obligatory Well is, its purpose, types, and relevant keywords associated with this topic. A Kansas Obligatory Well is a well that is drilled in response to a requirement by the Kansas Corporation Commission (KCC) to fulfill obligations defined under the Kansas Statutes Annotated. This obligation may arise due to the depletion of existing reservoirs in a specified area, replacement of decommissioned wells, or adherence to the Commission's rules regarding the management of oil and gas production in the state. The primary purpose of a Kansas Obligatory Well is to ensure the continued extraction of oil and gas resources from identified reservoirs within the state. By drilling these wells, the KCC aims to sustain the production levels, meet the energy demands of Kansas, and support the local economy that heavily relies on the oil and gas industry. Furthermore, these wells enable the state to manage and optimize the utilization of its underground resources efficiently. Within the realm of Kansas Obligatory Wells, there are different types, namely: 1. Replacement Wells: These wells are drilled to replace an existing well that has reached the end of its productive life or requires decommissioning. The replacement well aims to extract resources from the same reservoir, thus maintaining or enhancing the production level. 2. Depletion Wells: These wells are drilled in areas where existing reservoirs have encountered significant depletion. By targeting new sections of the reservoir, depletion wells ensure the continuous extraction of oil and gas, preventing a decline in production rates in the region. 3. Strategic Wells: Strategic wells are drilled to exploit undiscovered or underutilized reservoirs. These wells are part of the state's long-term energy strategy, aiming to identify new sources of oil and gas to support future production and meet increasing demand. 4. Rejuvenation Wells: Rejuvenation wells are drilled in areas with reservoirs that have seen a decline in production but still potentially hold viable resources. Their purpose is to revitalize the oil and gas production in the region by accessing untapped or bypassed zones within the reservoir. Keywords related to Kansas Obligatory Wells: Kansas OW, Kansas Corporation Commission (KCC), Kansas Statutes Annotated, oil and gas production, oil extraction, gas reservoirs, drilling obligations, decommissioned wells, resource depletion, energy demands, local economy, replacement wells, depletion wells, strategic wells, rejuvenation wells, production enhancement, underground resources, sustainable energy extraction. In summary, Kansas Obligatory Wells are an essential component of Kansas' oil and gas industry, driven by the need to sustain production, replace decommissioned wells, and optimize resource utilization. They come in various types, each serving a unique purpose in ensuring the continued extraction of oil and gas resources from reservoirs across the state.Kansas Obligatory Well, also known as Kansas OW, is a mandatory oil well-being drilled in the state of Kansas in accordance with the Kansas Corporation Commission's regulations. These wells target specific oil or gas reservoirs and are an integral part of the state's oil and gas industry. Here, we will provide a detailed description of what exactly a Kansas Obligatory Well is, its purpose, types, and relevant keywords associated with this topic. A Kansas Obligatory Well is a well that is drilled in response to a requirement by the Kansas Corporation Commission (KCC) to fulfill obligations defined under the Kansas Statutes Annotated. This obligation may arise due to the depletion of existing reservoirs in a specified area, replacement of decommissioned wells, or adherence to the Commission's rules regarding the management of oil and gas production in the state. The primary purpose of a Kansas Obligatory Well is to ensure the continued extraction of oil and gas resources from identified reservoirs within the state. By drilling these wells, the KCC aims to sustain the production levels, meet the energy demands of Kansas, and support the local economy that heavily relies on the oil and gas industry. Furthermore, these wells enable the state to manage and optimize the utilization of its underground resources efficiently. Within the realm of Kansas Obligatory Wells, there are different types, namely: 1. Replacement Wells: These wells are drilled to replace an existing well that has reached the end of its productive life or requires decommissioning. The replacement well aims to extract resources from the same reservoir, thus maintaining or enhancing the production level. 2. Depletion Wells: These wells are drilled in areas where existing reservoirs have encountered significant depletion. By targeting new sections of the reservoir, depletion wells ensure the continuous extraction of oil and gas, preventing a decline in production rates in the region. 3. Strategic Wells: Strategic wells are drilled to exploit undiscovered or underutilized reservoirs. These wells are part of the state's long-term energy strategy, aiming to identify new sources of oil and gas to support future production and meet increasing demand. 4. Rejuvenation Wells: Rejuvenation wells are drilled in areas with reservoirs that have seen a decline in production but still potentially hold viable resources. Their purpose is to revitalize the oil and gas production in the region by accessing untapped or bypassed zones within the reservoir. Keywords related to Kansas Obligatory Wells: Kansas OW, Kansas Corporation Commission (KCC), Kansas Statutes Annotated, oil and gas production, oil extraction, gas reservoirs, drilling obligations, decommissioned wells, resource depletion, energy demands, local economy, replacement wells, depletion wells, strategic wells, rejuvenation wells, production enhancement, underground resources, sustainable energy extraction. In summary, Kansas Obligatory Wells are an essential component of Kansas' oil and gas industry, driven by the need to sustain production, replace decommissioned wells, and optimize resource utilization. They come in various types, each serving a unique purpose in ensuring the continued extraction of oil and gas resources from reservoirs across the state.
