Montana 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. Montana Legal Description and Well or Unit Information play crucial roles in the oil and gas industry and real estate transactions. The precise and comprehensive details provided by these descriptions and information serve as important references for various purposes like property identification, land transfers, and resource extraction. In Montana, there are different types of legal descriptions and well or unit information used, each serving distinct purposes. Montana Legal Description: 1. Metes and Bounds: The Metes and Bounds legal description relies on a combination of directions, distances, and physical markers (such as monuments or natural features) to delineate the boundaries of a property. It describes an irregularly-shaped parcel of land by tracing its perimeter. 2. Lot and Block: The Lot and Block legal description is commonly used in platted subdivisions. It assigns specific lot numbers and block numbers to identify and define individual parcels within the subdivision. The accompanying plat map provides a visual representation of the subdivision layout. 3. Government Land Survey System: Montana, like many other western states, follows a grid-based system known as the Government Land Survey System (GLASS). This system divides land into townships, ranges, and sections, with each section covering one square mile. The GLASS legal description identifies land by specifying its township (T), range (R), and section (S) numbers. Well or Unit Information: 1. Well Location: Well information includes the precise location of an oil or gas well on a property. It typically includes latitude and longitude coordinates or specific references to section, township, and range. 2. Well Type: Different types of wells are used to extract various natural resources, such as oil, gas, or water. Well information specifies the specific type of well on a property. 3. Unit Designation: In the context of oil and gas operations, a unit is a specific area of land encompassing multiple oil or gas wells drilled to extract resources from a common reservoir. Unit information details the applicable unit designation and may include unit boundaries and details of participating wells. 4. Well Ownership: This information indicates who owns or operates the well, whether it is an individual, a company, or a cooperative. It can also provide additional details about any royalty or lease agreements. Accurate Montana Legal Descriptions and Well or Unit Information are essential for legal, operational, and regulatory purposes in the state's real estate and natural resources sectors.

Montana Legal Description and Well or Unit Information play crucial roles in the oil and gas industry and real estate transactions. The precise and comprehensive details provided by these descriptions and information serve as important references for various purposes like property identification, land transfers, and resource extraction. In Montana, there are different types of legal descriptions and well or unit information used, each serving distinct purposes. Montana Legal Description: 1. Metes and Bounds: The Metes and Bounds legal description relies on a combination of directions, distances, and physical markers (such as monuments or natural features) to delineate the boundaries of a property. It describes an irregularly-shaped parcel of land by tracing its perimeter. 2. Lot and Block: The Lot and Block legal description is commonly used in platted subdivisions. It assigns specific lot numbers and block numbers to identify and define individual parcels within the subdivision. The accompanying plat map provides a visual representation of the subdivision layout. 3. Government Land Survey System: Montana, like many other western states, follows a grid-based system known as the Government Land Survey System (GLASS). This system divides land into townships, ranges, and sections, with each section covering one square mile. The GLASS legal description identifies land by specifying its township (T), range (R), and section (S) numbers. Well or Unit Information: 1. Well Location: Well information includes the precise location of an oil or gas well on a property. It typically includes latitude and longitude coordinates or specific references to section, township, and range. 2. Well Type: Different types of wells are used to extract various natural resources, such as oil, gas, or water. Well information specifies the specific type of well on a property. 3. Unit Designation: In the context of oil and gas operations, a unit is a specific area of land encompassing multiple oil or gas wells drilled to extract resources from a common reservoir. Unit information details the applicable unit designation and may include unit boundaries and details of participating wells. 4. Well Ownership: This information indicates who owns or operates the well, whether it is an individual, a company, or a cooperative. It can also provide additional details about any royalty or lease agreements. Accurate Montana Legal Descriptions and Well or Unit Information are essential for legal, operational, and regulatory purposes in the state's real estate and natural resources sectors.