North Carolina 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. North Carolina Legal Description and Well or Unit Information is crucial in the oil and gas industry as it provides a detailed account of the specific location and boundaries of a well or unit in the state of North Carolina. This information plays a pivotal role in determining ownership rights, lease agreements, and regulatory compliance for drilling operations. Legal Description: The legal description in North Carolina typically consists of three essential components: the township, range, and section. This grid-based system is used to identify and locate the position of the well or unit accurately. 1. Township: In North Carolina, townships are designated by a combination of a specific range and tier. A range represents a column of six miles from east to west, while a tier represents a row of six miles from north to south. Township identification is expressed in terms of both range and tier, for example, Township 5 South, Range 3 East. 2. Range: The range indicates the distance east or west from a designated meridian line running north to south. Each range is allocated six miles with adjacent ranges varying by one-mile increments. 3. Section: A section represents a one-mile square of land within a township, typically measuring approximately 640 acres. Sections are numbered consecutively starting from the northeast corner and proceed right to left, row by row, until completing the entire township. Well or Unit Information: Once the legal description is established, well or unit information further refines the specific location and outlines the technical characteristics of the drilling unit. 1. Well Information: This includes the unique identification number assigned to each well drilled in North Carolina, commonly referred to as an API (American Petroleum Institute) number. Well information also encompasses key details such as well status, well type (oil, gas, injection), drilling depths, production volumes, and well bore diagrams. 2. Unit Information: A drilling unit represents an area of land authorized for oil and gas exploration. In North Carolina, various types of units exist, including but not limited to: — Spacing Units: These units define the land area covered by an individual well or a cluster of wells within a specific formation, ensuring optimal resource extraction while minimizing environmental risks. — Pooling Units: In situations where multiple mineral rights owners hold adjacent properties, pooling units are established to consolidate the area and allow joint development and production operations. — Production Units: These units are formed to manage production rates and prevent over-drilling in certain areas. A production unit may encompass multiple wells from different property owners, ensuring equitable distribution of resources. Overall, North Carolina Legal Description and Well or Unit Information are critical elements in the oil and gas industry, providing a comprehensive understanding of the location, boundaries, and technical attributes of drilling sites, facilitating efficient resource management and compliance with regulatory standards.

North Carolina Legal Description and Well or Unit Information is crucial in the oil and gas industry as it provides a detailed account of the specific location and boundaries of a well or unit in the state of North Carolina. This information plays a pivotal role in determining ownership rights, lease agreements, and regulatory compliance for drilling operations. Legal Description: The legal description in North Carolina typically consists of three essential components: the township, range, and section. This grid-based system is used to identify and locate the position of the well or unit accurately. 1. Township: In North Carolina, townships are designated by a combination of a specific range and tier. A range represents a column of six miles from east to west, while a tier represents a row of six miles from north to south. Township identification is expressed in terms of both range and tier, for example, Township 5 South, Range 3 East. 2. Range: The range indicates the distance east or west from a designated meridian line running north to south. Each range is allocated six miles with adjacent ranges varying by one-mile increments. 3. Section: A section represents a one-mile square of land within a township, typically measuring approximately 640 acres. Sections are numbered consecutively starting from the northeast corner and proceed right to left, row by row, until completing the entire township. Well or Unit Information: Once the legal description is established, well or unit information further refines the specific location and outlines the technical characteristics of the drilling unit. 1. Well Information: This includes the unique identification number assigned to each well drilled in North Carolina, commonly referred to as an API (American Petroleum Institute) number. Well information also encompasses key details such as well status, well type (oil, gas, injection), drilling depths, production volumes, and well bore diagrams. 2. Unit Information: A drilling unit represents an area of land authorized for oil and gas exploration. In North Carolina, various types of units exist, including but not limited to: — Spacing Units: These units define the land area covered by an individual well or a cluster of wells within a specific formation, ensuring optimal resource extraction while minimizing environmental risks. — Pooling Units: In situations where multiple mineral rights owners hold adjacent properties, pooling units are established to consolidate the area and allow joint development and production operations. — Production Units: These units are formed to manage production rates and prevent over-drilling in certain areas. A production unit may encompass multiple wells from different property owners, ensuring equitable distribution of resources. Overall, North Carolina Legal Description and Well or Unit Information are critical elements in the oil and gas industry, providing a comprehensive understanding of the location, boundaries, and technical attributes of drilling sites, facilitating efficient resource management and compliance with regulatory standards.