This form is used in the event any part to this Agreement elects not to participate in a Horizontal Exploratory Well, the non-participating party shall, on commencement of operations for the well, relinquish to the participating party one hundred percent (100%) of its rights, title, and interests in and to that portion of the Contract Area included within the Drilling Unit for the well and one hundred percent (100%) of the party’s rights, title, and interests in and to that portion of the Contract Area.
Oklahoma Relinquishment Provision - Horizontal Well
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Multi-State
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US-OG-718
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Word;
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FAQ
A spacing unit is a legally described boundary designated by a governmental agency (the Oklahoma Corporation Commission (OCC) in the case of Oklahoma)) as a ?common source of supply? of oil and gas for purposes of dividing fairly, among the various owners, production from a particular well or wells.
The first commercially productive well in Indian Territory was the Nellie Johnstone No. 1 well near Bartlesville, Oklahoma (then in the Cherokee Nation), drilled in 1897. The well was added to the National Register of Historic Places (NRHP) in 1972.
Like the name, horizontal wells are drilled from the side. Vertical wells drill downward, but horizontal well is drilled off of a vertical borehole. Specifically, a well is horizontal if it's dug at an angle of at least eighty degrees to a vertical wellbore.
A spacing unit is an area allocated to a well to drill for and produce oil or natural gas. Spacing units are established by statewide laws and regulations, and are governed by Article 23, Title 5 of the Environmental Conservation Law (ECL).
A horizontal well is a type of directional drilling technique where an oil or gas well is dug at an angle of at least eighty degrees to a vertical wellbore.
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. Mineral ownership information is not available online from any website.
?Drilling unit? means an area of a pool. established by the commission under AS 31.05.100 , either by order or by regulation; to which no more than one oil or gas well may be drilled; and. from which no more than one oil or gas well may produce.
Drilling Spacing Units (DSU's) represent areas represented on a spacing order or other unit designation within which operators drill wellbores to extract minerals.
A pooling order which pools interests of unknown or unlocated owners shall contain language to the effect that if any payment of bonus, royalty payments, or other payments due and owing under the order cannot be made because the person entitled to it cannot be located or is unknown, then the bonus, royalty payments, or ...
The horizontal directional drilling process has three basic stages: pilot drilling, expanding the drilling hole, and pulling the production pipe. First, the horizontal directional drill bores a pilot hole or bore path. They use a drill bit and drill pipe assembly to drill a small-diameter hole.
