Tennessee Legal Description and Well or Unit Information

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-1204
• Format: Word; Rich Text

Description

This form is used for legal description and well or unit information. Tennessee Legal Description is a crucial aspect of real estate transactions in the state, providing a detailed written account of the boundaries and exact location of a specific property. It is used to accurately identify and describe the land, ensuring clarity and legal certainty for all parties involved. The legal description typically includes keywords such as metes and bounds, monuments, landmarks, distances, and compass directions. In Tennessee, there are several types of legal descriptions used, including: 1. Metes and Bounds: This type of legal description relies on a combination of measurements and directions using physical features or landmarks. It describes the property's perimeter by providing distances along each boundary line and the angles or directions between each turning point. 2. Subdivision Lot and Block: This legal description is commonly used for properties located within a subdivision. It refers to a recorded plat or map dividing the land into individual lots, assigning them numbers or letters. The description includes the lot number or letter, the block number, and the name of the subdivision. 3. Government Survey System: Also known as the Public Land Survey System (PASS), this method divides land based on a grid system established by the federal government. The grid consists of townships, ranges, and sections, which are further subdivided into smaller fractional parts. This legal description includes information such as the township, range, section, and fraction of the section where the property is located. Well or Unit Information, on the other hand, pertains to the oil and gas industry in Tennessee. It includes detailed data about individual oil or gas wells and the units associated with them. Some relevant keywords related to well or unit information include well name, API number, field name, lease name, operator name, well status, spud date, total depth, and producing formation. In addition to these basic details, more specific information may be required depending on the purpose of the well or unit, such as production rates, reservoir names, well logs, completion details, and plugging records. It is essential for property owners, buyers, and industry professionals to have a comprehensive understanding of Tennessee Legal Descriptions and Well or Unit Information to ensure proper land ownership, smooth real estate transactions, and efficient management of oil and gas resources.

Tennessee Legal Description is a crucial aspect of real estate transactions in the state, providing a detailed written account of the boundaries and exact location of a specific property. It is used to accurately identify and describe the land, ensuring clarity and legal certainty for all parties involved. The legal description typically includes keywords such as metes and bounds, monuments, landmarks, distances, and compass directions. In Tennessee, there are several types of legal descriptions used, including: 1. Metes and Bounds: This type of legal description relies on a combination of measurements and directions using physical features or landmarks. It describes the property's perimeter by providing distances along each boundary line and the angles or directions between each turning point. 2. Subdivision Lot and Block: This legal description is commonly used for properties located within a subdivision. It refers to a recorded plat or map dividing the land into individual lots, assigning them numbers or letters. The description includes the lot number or letter, the block number, and the name of the subdivision. 3. Government Survey System: Also known as the Public Land Survey System (PASS), this method divides land based on a grid system established by the federal government. The grid consists of townships, ranges, and sections, which are further subdivided into smaller fractional parts. This legal description includes information such as the township, range, section, and fraction of the section where the property is located. Well or Unit Information, on the other hand, pertains to the oil and gas industry in Tennessee. It includes detailed data about individual oil or gas wells and the units associated with them. Some relevant keywords related to well or unit information include well name, API number, field name, lease name, operator name, well status, spud date, total depth, and producing formation. In addition to these basic details, more specific information may be required depending on the purpose of the well or unit, such as production rates, reservoir names, well logs, completion details, and plugging records. It is essential for property owners, buyers, and industry professionals to have a comprehensive understanding of Tennessee Legal Descriptions and Well or Unit Information to ensure proper land ownership, smooth real estate transactions, and efficient management of oil and gas resources.