Michigan Legal Description and Well or Unit Information

State:
Multi-State
Control #:
US-OG-1204
Format:
Word; 
Rich Text
Instant download

Description

This form is used for legal description and well or unit information. Michigan Legal Description is a specific form of property description used in the state of Michigan to accurately identify land parcels. It provides a detailed breakdown of the boundaries, dimensions, and location of a particular property. The Michigan Legal Description is vital for legal, surveying, and real estate purposes. A Michigan Legal Description typically includes key components such as: 1. Metes and Bounds: This is a popular type of legal description that relies on giving precise measurements using specific distances, angles, and compass directions. It often starts at a designated point of reference and proceeds along the property lines. 2. Rectangular Survey System: Also known as the Public Land Survey System (PASS), this method divides land into townships, ranges, and sections. Each section within a township is numbered, allowing for easy identification and location. 3. Lot and Block: Commonly seen in urban or suburban areas, this type of legal description refers to properties within a subdivision. It relies on lot numbers, block numbers, and sometimes even subdivision names. In the state of Michigan, multiple types of Well or Unit Information may also be included in property descriptions. These encompass various aspects related to oil, gas, and mineral rights. Some relevant keywords associated with Well or Unit Information include: 1. Drilling Unit: This refers to an area designated for extraction of oil, gas, or minerals and typically contains multiple wells. It delineates the boundaries within which companies are permitted to explore and exploit natural resources. 2. Spacing Units: These are defined areas regulating the distance between oil or gas wells. Spacing units ensure optimal resource extraction and prevent unnecessary waste. 3. Pooling Units: When multiple landowners agree to join their interests or lease agreements to develop a single oil or gas reservoir, a pooling unit is created. It allows for efficient resource extraction and distribution of profits. 4. Production Units: These units define a specific area within a well or field from which oil or gas is being extracted. Production units facilitate accurate measurement and allocation of production volumes and royalties among various stakeholders. Overall, the Michigan Legal Description, alongside Well or Unit Information, plays a critical role in delineating property boundaries and ensuring proper management of natural resources.

Michigan Legal Description is a specific form of property description used in the state of Michigan to accurately identify land parcels. It provides a detailed breakdown of the boundaries, dimensions, and location of a particular property. The Michigan Legal Description is vital for legal, surveying, and real estate purposes. A Michigan Legal Description typically includes key components such as: 1. Metes and Bounds: This is a popular type of legal description that relies on giving precise measurements using specific distances, angles, and compass directions. It often starts at a designated point of reference and proceeds along the property lines. 2. Rectangular Survey System: Also known as the Public Land Survey System (PASS), this method divides land into townships, ranges, and sections. Each section within a township is numbered, allowing for easy identification and location. 3. Lot and Block: Commonly seen in urban or suburban areas, this type of legal description refers to properties within a subdivision. It relies on lot numbers, block numbers, and sometimes even subdivision names. In the state of Michigan, multiple types of Well or Unit Information may also be included in property descriptions. These encompass various aspects related to oil, gas, and mineral rights. Some relevant keywords associated with Well or Unit Information include: 1. Drilling Unit: This refers to an area designated for extraction of oil, gas, or minerals and typically contains multiple wells. It delineates the boundaries within which companies are permitted to explore and exploit natural resources. 2. Spacing Units: These are defined areas regulating the distance between oil or gas wells. Spacing units ensure optimal resource extraction and prevent unnecessary waste. 3. Pooling Units: When multiple landowners agree to join their interests or lease agreements to develop a single oil or gas reservoir, a pooling unit is created. It allows for efficient resource extraction and distribution of profits. 4. Production Units: These units define a specific area within a well or field from which oil or gas is being extracted. Production units facilitate accurate measurement and allocation of production volumes and royalties among various stakeholders. Overall, the Michigan Legal Description, alongside Well or Unit Information, plays a critical role in delineating property boundaries and ensuring proper management of natural resources.

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Michigan Legal Description and Well or Unit Information