Massachusetts Legal Description and Well or Unit Information

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-1204
• Format: Word; Rich Text

Description

This form is used for legal description and well or unit information. Massachusetts Legal Description and Well or Unit Information are critical components of real estate and oil and gas industry transactions in the state. These descriptions serve to accurately identify properties and establish boundaries, ensuring clarity and preventing disputes. When it comes to Massachusetts Legal Description and Well or Unit Information, there are different types based on specific contexts. 1. Massachusetts Legal Description: The Massachusetts Legal Description refers to the technical and precise information that legally identifies a piece of property. It typically includes: a) Metes and Bounds: This method describes a property's boundaries by utilizing direction, distance, and geographic features. For example, "Starting at a point on the northeastern corner of lot X, then running south 100 feet, then west 200 feet..." b) Lot and Block: Common in subdivisions, this method identifies properties based on lot numbers within blocks. For instance, "Lot 15, Block A of the ABC Subdivision..." c) Parcel ID: This description uses a unique identifier assigned by the assessor's office to denote a specific parcel of land. It might be a combination of numbers and letters, such as "Parcel ID: 123456-789." 2. Massachusetts Well or Unit Information: Well or Unit Information becomes relevant in the oil and gas industry, where properties are divided into separate wells or units for resource extraction. In Massachusetts, this information typically includes: a) Well Location: Specifies the precise location of a particular well on the property. It is commonly indicated using latitude and longitude coordinates or section, township, and range coordinates. b) Lease or Unit Name: Refers to the name associated with the particular well or unit and is often derived from the property owner's name or significant geographic features. c) Well Number: Assigned to each well within a specific lease or unit to differentiate it from others on the property. d) Unit Size: Denotes the total area covered by the unit, specified in acres or square feet, to establish boundaries for resource extraction operations. By incorporating accurate Massachusetts Legal Description and Well or Unit Information into property transactions, the parties involved ensure a clear understanding of property boundaries, rights, and obligations. This information is crucial for establishing ownership, resolving disputes, and facilitating smooth property transfers or oil and gas operations within the state.

Massachusetts Legal Description and Well or Unit Information are critical components of real estate and oil and gas industry transactions in the state. These descriptions serve to accurately identify properties and establish boundaries, ensuring clarity and preventing disputes. When it comes to Massachusetts Legal Description and Well or Unit Information, there are different types based on specific contexts. 1. Massachusetts Legal Description: The Massachusetts Legal Description refers to the technical and precise information that legally identifies a piece of property. It typically includes: a) Metes and Bounds: This method describes a property's boundaries by utilizing direction, distance, and geographic features. For example, "Starting at a point on the northeastern corner of lot X, then running south 100 feet, then west 200 feet..." b) Lot and Block: Common in subdivisions, this method identifies properties based on lot numbers within blocks. For instance, "Lot 15, Block A of the ABC Subdivision..." c) Parcel ID: This description uses a unique identifier assigned by the assessor's office to denote a specific parcel of land. It might be a combination of numbers and letters, such as "Parcel ID: 123456-789." 2. Massachusetts Well or Unit Information: Well or Unit Information becomes relevant in the oil and gas industry, where properties are divided into separate wells or units for resource extraction. In Massachusetts, this information typically includes: a) Well Location: Specifies the precise location of a particular well on the property. It is commonly indicated using latitude and longitude coordinates or section, township, and range coordinates. b) Lease or Unit Name: Refers to the name associated with the particular well or unit and is often derived from the property owner's name or significant geographic features. c) Well Number: Assigned to each well within a specific lease or unit to differentiate it from others on the property. d) Unit Size: Denotes the total area covered by the unit, specified in acres or square feet, to establish boundaries for resource extraction operations. By incorporating accurate Massachusetts Legal Description and Well or Unit Information into property transactions, the parties involved ensure a clear understanding of property boundaries, rights, and obligations. This information is crucial for establishing ownership, resolving disputes, and facilitating smooth property transfers or oil and gas operations within the state.