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.
Missouri Obligatory Well is a term used in the oil and gas industry, specifically in the state of Missouri, USA. It refers to a type of well that is required to be drilled and operated to comply with regulations set by the Missouri Department of Natural Resources (MDR) and the Missouri Geological Survey (MGS). The Missouri Obligatory Well is primarily designed to assess and monitor the state's underground resources, including minerals, oil, and gas. These wells help determine the extent and quality of these resources, providing crucial information for economic development and resource management in Missouri. There are several types of Missouri Obligatory Wells, each serving a specific purpose: 1. Exploration Wells: These wells are drilled to gather data on potential oil and gas reservoirs. They help geologists and companies identify areas with high resource potential, allowing for further exploration and development. 2. Monitoring Wells: These wells are installed to track changes in groundwater quality and quantity. They aid in understanding the effects of oil and gas extraction activities on the surrounding environment, ensuring responsible resource exploitation. 3. Injection Wells: This type of well is used for the safe disposal of waste fluids generated during oil and gas production. The waste fluids, such as brine or produced water, are injected deep underground into suitable geological formations to prevent contamination of surface waters. 4. Observation Wells: These wells are strategically positioned to observe subsurface conditions, such as changes in water levels, pressure, or quality. They provide long-term monitoring data, especially in areas where oil and gas operations are active. 5. Production Wells: These wells are drilled to extract oil and gas resources for commercial purposes. They are typically equipped with infrastructure, including pumps and pipelines, to bring the extracted hydrocarbons to the surface for processing and distribution. Missouri Obligatory Wells play a vital role in the state's energy sector and environmental preservation efforts. They ensure the responsible and sustainable development of Missouri's underground resources, safeguarding the state's natural resources and supporting economic growth. The data collected from these wells helps regulators, policymakers, and companies make informed decisions regarding resource management, protection, and conservation. In conclusion, Missouri Obligatory Well is a broad term encompassing various types of wells aimed at exploring, monitoring, and utilizing oil, gas, and mineral resources in Missouri. These wells are crucial for maintaining regulatory compliance, assessing resource potential, and promoting sustainable development in the state.
