Mississippi 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. Mississippi Legal Description and Well or Unit Information refer to essential elements of land description and well or unit designation in the state of Mississippi for legal and administrative purposes. They play a crucial role in defining the boundaries and ownership rights of land and providing necessary information about oil and gas exploration and production. The following types of Mississippi Legal Description and Well or Unit Information are commonly used: 1. Mississippi Legal Description: The legal description of Mississippi land is a detailed depiction of its boundaries and location, typically referenced using various land surveying techniques. It includes specific information such as: — Township and Range: This refers to the geographical division of land into townships (rows) and ranges (columns) based on the Mississippi Principal Meridian and Baseline. — Section: Each township is further divided into 36 sections, consisting of approximately one square mile. — Fractional Sections: Sometimes, land may be divided into fractional sections due to irregular boundaries or variations in size. — Metes and Bounds: In some cases, land descriptions may utilize metes and bounds, which utilize natural or man-made landmarks and distances to define boundaries. 2. Mississippi Well Information: In the context of oil and gas exploration, Mississippi Well Information refers to the details associated with a specific well or drilling operation. This information includes: — Well Name: A unique identifier given to each well drilled in Mississippi, typically assigned by the operator. — API Number: An American Petroleum Institute (API) number is an identification code assigned to each well, allowing for precise identification and tracking. — Well Location: The coordinates specifying the latitude and longitude of the well's surface location, usually provided in degrees, minutes, and seconds. — Well Type: Classification of the well based on its purpose, such as oil, gas, injection, or observation well. 3. Mississippi Unit Information: A unit is a designated area encompassing multiple tracts of land for joint exploration and production operations. Mississippi Unit Information includes: — Unit Name: The designated name of the drilling or production unit, which may be based on geographical features or operator preferences. — Unit Boundary: A legal description outlining the specific boundaries of the unit area, defined by land surveying techniques like township, range, section, and metes and bounds. — Unit Operator: The entity responsible for the drilling, development, and operation of the unit. — Unitization Agreement: A contractual agreement among the working interest owners within the unit, defining their rights, duties, and revenue sharing arrangements. In summary, Mississippi Legal Description and Well or Unit Information are critical components for accurately defining land boundaries and providing relevant details for oil and gas operations. These descriptions and information help ensure proper land ownership and effective administration of exploration and production activities in the state.

Mississippi Legal Description and Well or Unit Information refer to essential elements of land description and well or unit designation in the state of Mississippi for legal and administrative purposes. They play a crucial role in defining the boundaries and ownership rights of land and providing necessary information about oil and gas exploration and production. The following types of Mississippi Legal Description and Well or Unit Information are commonly used: 1. Mississippi Legal Description: The legal description of Mississippi land is a detailed depiction of its boundaries and location, typically referenced using various land surveying techniques. It includes specific information such as: — Township and Range: This refers to the geographical division of land into townships (rows) and ranges (columns) based on the Mississippi Principal Meridian and Baseline. — Section: Each township is further divided into 36 sections, consisting of approximately one square mile. — Fractional Sections: Sometimes, land may be divided into fractional sections due to irregular boundaries or variations in size. — Metes and Bounds: In some cases, land descriptions may utilize metes and bounds, which utilize natural or man-made landmarks and distances to define boundaries. 2. Mississippi Well Information: In the context of oil and gas exploration, Mississippi Well Information refers to the details associated with a specific well or drilling operation. This information includes: — Well Name: A unique identifier given to each well drilled in Mississippi, typically assigned by the operator. — API Number: An American Petroleum Institute (API) number is an identification code assigned to each well, allowing for precise identification and tracking. — Well Location: The coordinates specifying the latitude and longitude of the well's surface location, usually provided in degrees, minutes, and seconds. — Well Type: Classification of the well based on its purpose, such as oil, gas, injection, or observation well. 3. Mississippi Unit Information: A unit is a designated area encompassing multiple tracts of land for joint exploration and production operations. Mississippi Unit Information includes: — Unit Name: The designated name of the drilling or production unit, which may be based on geographical features or operator preferences. — Unit Boundary: A legal description outlining the specific boundaries of the unit area, defined by land surveying techniques like township, range, section, and metes and bounds. — Unit Operator: The entity responsible for the drilling, development, and operation of the unit. — Unitization Agreement: A contractual agreement among the working interest owners within the unit, defining their rights, duties, and revenue sharing arrangements. In summary, Mississippi Legal Description and Well or Unit Information are critical components for accurately defining land boundaries and providing relevant details for oil and gas operations. These descriptions and information help ensure proper land ownership and effective administration of exploration and production activities in the state.