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.
Nebraska Obligatory Well is a term used to describe a compulsory drilling practice in the state of Nebraska. This detailed description aims to outline what Nebraska Obligatory Well is, how it functions, its purpose, and the different types that exist, incorporating relevant keywords throughout. Nebraska Obligatory Well, also referred to as a mandated drilling well, is an obligatory requirement imposed by the state of Nebraska for oil and gas exploration and production activities. It ensures compliance with the Nebraska Oil and Gas Conservation Commission (NO GCC) rules and regulations. The primary objective of the Nebraska Obligatory Well is to regulate and monitor the efficient extraction of oil and gas resources while minimizing the environmental impact. There are various types of Nebraska Obligatory Wells, classified according to the nature of drilling activity and well construction. These include: 1. Vertical Nebraska Obligatory Well: This refers to a traditional drilling technique where the well bore is bored vertically into the ground. It is typically used in areas with conventional oil and gas reserves, allowing suitable penetration of targeted underground formations. 2. Directional Nebraska Obligatory Well: A drilling method employed when oil or gas reservoirs are located at significant angles or depths. Directional wells are inclined or deviated from vertical to reach subsurface deposits that cannot be accessed with conventional vertical drilling alone. This technique aids in maximizing reservoir drainage and reducing surface footprint. 3. Horizontal Nebraska Obligatory Well: This advanced drilling technique involves the creation of a well bore that extends horizontally through the rock layers rich in oil or gas. Horizontal wells increase contact between the well bore and the reservoir, enhancing production rates and recovery efficiency. 4. Multilateral Nebraska Obligatory Well: In cases where several potential oil or gas-bearing formations exist within proximity, a multilateral Nebraska Obligatory Well may be drilled. This type of well involves multiple lateral branches originating from a single vertical well bore, allowing access to several reservoirs simultaneously. All types of Nebraska Obligatory Wells must adhere to specific construction and operational specifications defined by the NO GCC. Safety measures, including well casing design, cementing techniques, and blowout prevention systems, are closely regulated to protect underground freshwater reservoirs from potential contamination. In summary, Nebraska Obligatory Wells are mandatory drilling practices in Nebraska that adhere to state regulations. These wells aid in responsible exploration and production of oil and gas resources while ensuring environmental protection. Vertical, directional, horizontal, and multilateral wells are among the types utilized, each tailored for different geological conditions and extraction goals.Nebraska Obligatory Well is a term used to describe a compulsory drilling practice in the state of Nebraska. This detailed description aims to outline what Nebraska Obligatory Well is, how it functions, its purpose, and the different types that exist, incorporating relevant keywords throughout. Nebraska Obligatory Well, also referred to as a mandated drilling well, is an obligatory requirement imposed by the state of Nebraska for oil and gas exploration and production activities. It ensures compliance with the Nebraska Oil and Gas Conservation Commission (NO GCC) rules and regulations. The primary objective of the Nebraska Obligatory Well is to regulate and monitor the efficient extraction of oil and gas resources while minimizing the environmental impact. There are various types of Nebraska Obligatory Wells, classified according to the nature of drilling activity and well construction. These include: 1. Vertical Nebraska Obligatory Well: This refers to a traditional drilling technique where the well bore is bored vertically into the ground. It is typically used in areas with conventional oil and gas reserves, allowing suitable penetration of targeted underground formations. 2. Directional Nebraska Obligatory Well: A drilling method employed when oil or gas reservoirs are located at significant angles or depths. Directional wells are inclined or deviated from vertical to reach subsurface deposits that cannot be accessed with conventional vertical drilling alone. This technique aids in maximizing reservoir drainage and reducing surface footprint. 3. Horizontal Nebraska Obligatory Well: This advanced drilling technique involves the creation of a well bore that extends horizontally through the rock layers rich in oil or gas. Horizontal wells increase contact between the well bore and the reservoir, enhancing production rates and recovery efficiency. 4. Multilateral Nebraska Obligatory Well: In cases where several potential oil or gas-bearing formations exist within proximity, a multilateral Nebraska Obligatory Well may be drilled. This type of well involves multiple lateral branches originating from a single vertical well bore, allowing access to several reservoirs simultaneously. All types of Nebraska Obligatory Wells must adhere to specific construction and operational specifications defined by the NO GCC. Safety measures, including well casing design, cementing techniques, and blowout prevention systems, are closely regulated to protect underground freshwater reservoirs from potential contamination. In summary, Nebraska Obligatory Wells are mandatory drilling practices in Nebraska that adhere to state regulations. These wells aid in responsible exploration and production of oil and gas resources while ensuring environmental protection. Vertical, directional, horizontal, and multilateral wells are among the types utilized, each tailored for different geological conditions and extraction goals.
