Title: A Comprehensive Guide to Oklahoma Salt Water Disposal Lease and Agreement Using Existing Well Bore Keywords: Oklahoma, salt water disposal, lease agreement, existing well bore, types Introduction: In Oklahoma, the management and disposal of saltwater generated during oil and gas production necessitates proper procedures to protect the environment and promote compliance with regulations. This guide aims to provide a detailed description of the Oklahoma Salt Water Disposal Lease and Agreement Using Existing Well Bore, shedding light on its purpose, process, and potential variations. I. Understanding the Oklahoma Salt Water Disposal Lease Agreement Using Existing Well Bore — Definition: The Oklahoma Salt Water Disposal Lease and Agreement Using Existing Well Bore refers to a contractual arrangement that allows an operator to dispose of saltwater through an existing well bore on a designated property. — Key Players: The agreement involves the Operator (the entity that owns or operates the well), the Lessor (the surface owner or mineral rights' holder), and potentially the Regulatory Agency. II. Purpose of the Oklahoma Salt Water Disposal Lease and Agreement Using Existing Well Bore — Environmental Protection: The primary objective is to ensure the proper disposal of saltwater, preventing contamination of fresh groundwater and surface water resources. — Compliance: The lease agreement serves to meet regulatory requirements, ensuring adherence to relevant laws and regulations governing saltwater disposal in Oklahoma. — Efficient Utilization: Utilizing existing well bores can help operators save costs by eliminating the need for drilling new disposal wells. III. Process and Requirements for the Oklahoma Salt Water Disposal Lease and Agreement Using Existing Well Bore 1. Initial Evaluation and Negotiation — Operator's Assessment: The operator identifies suitable wells and evaluates their compatibility for saltwater disposal. — Lease Negotiation: The operator initiates negotiations with the lessor to reach mutually agreeable terms and conditions. — Regulatory Compliance: The operator ensures compliance with state regulations, reporting obligations, and financial responsibilities. 2. Lease Agreement Execution — Contractual Terms: The lease agreement defines the rights, obligations, and responsibilities of both parties, encompassing legal, technical, financial, and environmental aspects. — Payment Arrangements: The agreement may include agreed-upon financial considerations, such as royalties or lease payments, which compensate the lessor for granting saltwater disposal rights. IV. Potential Types of Oklahoma Salt Water Disposal Lease and Agreement Using Existing Well Bore 1. Private Land Lease Agreement: Involves a lease agreement between an operator and a private landowner or mineral rights' holder. 2. Public Land Lease Agreement: Addresses saltwater disposal on state-owned or federally managed land in Oklahoma, involving negotiations with relevant authorities. 3. Common Carrier Agreement: Pertains to a lease agreement where an operator utilizes an existing well bore for saltwater disposal services for multiple operators, acting as a common carrier. Conclusion: The Oklahoma Salt Water Disposal Lease and Agreement Using Existing Well Bore is an essential mechanism that facilitates the proper disposal of saltwater generated during oil and gas production. By adhering to regulatory requirements and carrying out a robust lease agreement, operators can effectively manage saltwater disposal while safeguarding the environment. Understanding the various types of lease agreements within this context enables informed decision-making for all stakeholders involved.
Oklahoma Salt Water Disposal Lease and Agreement Using Existing Well Bore
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What is the Pugh Clause and what does it accomplish? In general terms, the Pugh Clause provides that production from a unitized or pooled area located on or including a portion of the leased lands will not be sufficient to extend the primary term for the entire leasehold.
How do I find mineral rights I own? The only way to determine mineral rights ownership in Oklahoma is to do a title search at the courthouse where the property is located. To do this, you must review all deeds and other legal conveyances pertaining to the subject tract back to 1907.
Without any royalty income it comes down to what buyers think the future income might be. For non-producing properties, the Mineral Rights Value in Oklahoma could be anywhere from a few hundred dollars per acre to $5,000+/acre. It really depends on which county your property is located in.
One quick and dirty approach is the ?rule of thumb.? Those following the rule of thumb say that mineral rights are worth a multiple of three to five times the yearly income produced. For example, a mineral right that produces $1,000 a year in royalties would be worth between $3,000 and $5,000 under the rule of thumb.
A Pugh Clause terminates the lease as to the portions of the land that are not included in a unit if the lessee does not conduct independent operations. Therefore, the Pugh Clause requires the lessee to develop areas of the lease that are not included in a unit.
The point of a retained-acreage provision is to be able to seek a new opportunity to lease unworked land to a different lessee, one who might do something productive with it. A Pugh clause is a negotiated provision in favor of the lessor. Pugh clauses modify pooling/unitization rights.
Statutory ?Pugh? Clause: The Commission has no jurisdiction to release any portion of your lease. [* Named after a Louisiana lawyer, Lawrence G. Pugh, who drafted an oil and gas lease clause calculated to prevent the holding of non-pooled acreage.]
The statutory minimum is 1/8th or 12.5%, but it may be as high as 1/4th, or 25%. Since the 1990s, Oklahoma royalties have typically been at least 18.75 percent, but 20 to 25 percent is not unheard of for Oklahoma mineral owners.