This provision is for an Agreement where there is the expectation that one or more horizontal wells may be drilled within the Contract Area. This section addresses the drilling of Horizontal Wells and that they shall remain the sole property and information of the Operator
South Dakota Proprietary Technology Horizontalel— - Restriction on Disclosure refers to a specific set of regulations and practices related to the extraction and production of oil and gas in South Dakota. This proprietary technology refers to unique and innovative techniques used in horizontal well drilling, which allows for more efficient extraction of resources from underground reserves. The restriction on disclosure is a legal provision that prohibits the public or competitors from accessing and disseminating this proprietary technology information. This restriction is put in place to safeguard the trade secrets and competitive advantage of companies involved in the oil and gas industry in South Dakota. There are various types of South Dakota Proprietary Technology that fall under the horizontal well category: 1. Horizontal Drilling: Horizontal drilling is a technique used to access previously unreachable oil and gas reserves. This method involves drilling a well vertically to a certain depth and then turning the drill bit horizontally, allowing for the extraction of resources from multiple layers of rock. 2. Fracking: Hydraulic fracturing, commonly known as fracking, is a method used in combination with horizontal drilling. It involves injecting a mixture of water, chemicals, and sand into the well, creating cracks in the rock formations. This allows for the release of trapped oil and gas. 3. Reservoir Characterization: Proprietary technology also involves advanced reservoir characterization techniques. These practices use various tools and technologies to analyze the geology, fluid properties, and reservoir behavior. This information helps determine the most effective drilling and production strategies for optimal resource recovery. 4. Enhanced Oil Recovery (FOR): FOR techniques are proprietary technologies aimed at improving the recovery of oil and gas from existing wells. These methods involve injecting substances into the well to increase pressure and alter the fluid properties, facilitating the recovery of more resources. While the specific details of South Dakota's proprietary technology and restriction on disclosure may vary among companies and projects, the overall goal remains the same — to protect and maintain a competitive edge in the oil and gas industry while adhering to the legal framework set forth by South Dakota's regulatory bodies.South Dakota Proprietary Technology Horizontalel— - Restriction on Disclosure refers to a specific set of regulations and practices related to the extraction and production of oil and gas in South Dakota. This proprietary technology refers to unique and innovative techniques used in horizontal well drilling, which allows for more efficient extraction of resources from underground reserves. The restriction on disclosure is a legal provision that prohibits the public or competitors from accessing and disseminating this proprietary technology information. This restriction is put in place to safeguard the trade secrets and competitive advantage of companies involved in the oil and gas industry in South Dakota. There are various types of South Dakota Proprietary Technology that fall under the horizontal well category: 1. Horizontal Drilling: Horizontal drilling is a technique used to access previously unreachable oil and gas reserves. This method involves drilling a well vertically to a certain depth and then turning the drill bit horizontally, allowing for the extraction of resources from multiple layers of rock. 2. Fracking: Hydraulic fracturing, commonly known as fracking, is a method used in combination with horizontal drilling. It involves injecting a mixture of water, chemicals, and sand into the well, creating cracks in the rock formations. This allows for the release of trapped oil and gas. 3. Reservoir Characterization: Proprietary technology also involves advanced reservoir characterization techniques. These practices use various tools and technologies to analyze the geology, fluid properties, and reservoir behavior. This information helps determine the most effective drilling and production strategies for optimal resource recovery. 4. Enhanced Oil Recovery (FOR): FOR techniques are proprietary technologies aimed at improving the recovery of oil and gas from existing wells. These methods involve injecting substances into the well to increase pressure and alter the fluid properties, facilitating the recovery of more resources. While the specific details of South Dakota's proprietary technology and restriction on disclosure may vary among companies and projects, the overall goal remains the same — to protect and maintain a competitive edge in the oil and gas industry while adhering to the legal framework set forth by South Dakota's regulatory bodies.
