Nevada Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document that pertains to the allocation of land in Nevada for the purpose of oil and gas production. It ensures that the lessee of a specific tract of land adheres to the regulations set forth by the Nevada Department of Conservation and Natural Resources for spacing and proration units around producing wells. The Nevada Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee serves as a declaration by the lessee, confirming the accuracy and legality of the acreage assigned to each well. This affidavit is crucial in maintaining transparency and fairness within the oil and gas industry, ensuring that the proper amount of acreage is allocated for effective and efficient production. Some important keywords relevant to Nevada Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee include: 1. Nevada: Refers to the geographical location where the affidavit is being executed, specifically pertaining to the state of Nevada, United States. 2. Affidavit: A written statement made under oath, affirming the accuracy of the information provided and promising its legality. 3. Acreage: The measure of land typically expressed in acres, indicating the amount of land assigned to each spacing or proration unit. 4. Spacing Units: The predetermined area of land around each producing well, ensuring that the necessary space is allotted to maintain optimal well performance and prevent interference. 5. Proration Units: The proportionate share of production allocated to each well within the spacing unit, ensuring fair distribution and accurate measurement of extracted resources. 6. Producing Wells: Refers to the wells that are actively extracting oil and gas from the designated acreage. 7. Lessee: The individual or entity leasing the land for oil and gas production purposes, responsible for adhering to the regulations and guidelines set by the Nevada Department of Conservation and Natural Resources. While there may not be specific types or variations of the Nevada Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee, the document remains consistent in its purpose and intent. However, it is important to note that the content and specific requirements of the affidavit may vary depending on the unique circumstances of each oil and gas lease agreement, as well as any updates or changes in Nevada state regulations.
Nevada Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee
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FAQ
Every gas well drilled in such pool: a) Shall be on a drilling unit consisting of (1) one hundred sixty (160) contiguous surface acres, or (2) a governmental quarter section containing not less than one hundred forty- four (144) acres or more than one hundred seventy-six (176) acres.
In 2021, the average oil well produced 26 b/d (or roughly 33.5 BOE/d if including natural gas), and the average natural gas well produced about 181,647 cf/d (slightly more than 33.5 BOE/d of total oil and natural gas). The distribution by well size, however, is generally skewed.
Gas wells may produce small amounts, less than 100,000 ft, 3 in a day, or much larger volumes of millions of cubic feet a day. The amounts and ratios of water, condensate, distillate and other products will also vary from well to well.
The area needed for a well pad which typically ranges from 5-10 acres in size, depending on how many wells may ultimately be drilled on it, which may be just one or more than twenty.
Traditional oilfield units are based on the foot?pounds?second (FPS) system as bastardized by the industry. Primary oilfield units are: bbl ? Barrel, used for all liquid measurements defined as 42 US gallons (159 L).
1. n. [Oil and Gas Business] The amount of acreage, determined by governmental authority that can be efficiently and economically drained by a well at a particular depth or horizon. See: communitization, pooling, unitization.