This form is used to promote conservation, increase the ultimate recovery of Unitized Substances of the specified lands and to protect the rights of the owners, it is deemed necessary and desirable to enter this Agreement, in conformity with (Applicable State Statute), to unitize the oil and gas rights in the Unitized Formation in order to conduct Unit operations for the conservation and utilization of Unitized Substances as provided in this Agreement.
Utah Unitization Agreement
State:
Multi-State
Control #:
US-OG-776
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Nearly all offshore oil and natural gas leasing and development activity currently occurs in the central and western Gulf of Mexico, where thousands of platforms operate in waters up to 6,000 feet deep. A few platforms operate in depths of 10,000 feet or more.
Utah has the fourth-highest number of producing oil and natural gas leases on federal lands, after Wyoming, New Mexico, and Colorado.
Quick Facts. Utah accounts for 15 of every 100 barrels of crude oil produced in the Rocky Mountain region. The state's five oil refineries, all located in the Salt Lake City area, can process about 206,000 barrels of crude oil per calendar day.
Utah's oil sands are made up of several different deposits all consisting of different amounts of heavy or crude oil. These sites are mostly found on public lands. They are mainly close together and many are found within the Uintah Basin of Utah, which is a section of the Colorado Plateaus province.
Utah's natural gas fuels not only homes and businesses in Utah; it also is used by surrounding states. Utah also produces a significant amount of crude oil, primarily from the Uintah Basin in the eastern part of the state.
Utah Inland Rig Count is at a current level of 13.00, down from 14.00 last week and up from 12.00 one year ago. This is a change of -7.14% from last week and 8.33% from one year ago.