This is a provision for an Operating Agreement that concerns the Assignment of rights to an obligatory well. It provides the assignment options if any proposed operations are necessary to maintain a Lease covered by the Agreement in force or an agreement to earn a lease(s) which would otherwise expire unless operations are conducted.
Wyoming Obligatory Well is a term often used in the oil and gas industry in the state of Wyoming. These obligatory wells, also known as OWS, play a crucial role in ensuring responsible energy development and environmental protection. A Wyoming Obligatory Well refers to a well that is drilled to meet specific obligations outlined by the Wyoming Oil and Gas Conservation Commission (WOG CC). These obligations address various aspects, such as production, plugging, and abandonment requirements, to mitigate potential adverse effects on the environment and safeguard public health. There are different types of Wyoming Obligatory Wells, each serving a unique purpose: 1. Production Obligatory Well: Drilled to fulfill production obligations, these wells are typically required to extract a certain volume of hydrocarbons. This ensures that resources are efficiently utilized, contributing to the state's energy production goals. 2. Monitoring Obligatory Well: Deployed to monitor and assess various aspects such as water quality, subsurface conditions, and gas migration, these wells help in early detection of any potential environmental risks associated with oil and gas operations. 3. Plugging Obligatory Well: These wells are drilled to permanently seal an oil or gas well that has reached the end of its economic life or is deemed uneconomical. Proper plugging ensures that any residual hydrocarbons do not escape into the surrounding environment. 4. Abandonment Obligatory Well: Similar to plugging wells, abandonment obligatory wells refer to wells that have been permanently discontinued. These wells undergo specific procedures to ensure their abandonment does not cause any harm or pose risks such as underground water contamination. The Wyoming Obligatory Well program is designed to enforce compliance with stringent regulations, promote responsible resource extraction, and protect Wyoming's natural heritage. By mandating wells of different types, the program ensures that the oil and gas industry operates in an environmentally conscious manner while supporting sustainable energy development in the state.Wyoming Obligatory Well is a term often used in the oil and gas industry in the state of Wyoming. These obligatory wells, also known as OWS, play a crucial role in ensuring responsible energy development and environmental protection. A Wyoming Obligatory Well refers to a well that is drilled to meet specific obligations outlined by the Wyoming Oil and Gas Conservation Commission (WOG CC). These obligations address various aspects, such as production, plugging, and abandonment requirements, to mitigate potential adverse effects on the environment and safeguard public health. There are different types of Wyoming Obligatory Wells, each serving a unique purpose: 1. Production Obligatory Well: Drilled to fulfill production obligations, these wells are typically required to extract a certain volume of hydrocarbons. This ensures that resources are efficiently utilized, contributing to the state's energy production goals. 2. Monitoring Obligatory Well: Deployed to monitor and assess various aspects such as water quality, subsurface conditions, and gas migration, these wells help in early detection of any potential environmental risks associated with oil and gas operations. 3. Plugging Obligatory Well: These wells are drilled to permanently seal an oil or gas well that has reached the end of its economic life or is deemed uneconomical. Proper plugging ensures that any residual hydrocarbons do not escape into the surrounding environment. 4. Abandonment Obligatory Well: Similar to plugging wells, abandonment obligatory wells refer to wells that have been permanently discontinued. These wells undergo specific procedures to ensure their abandonment does not cause any harm or pose risks such as underground water contamination. The Wyoming Obligatory Well program is designed to enforce compliance with stringent regulations, promote responsible resource extraction, and protect Wyoming's natural heritage. By mandating wells of different types, the program ensures that the oil and gas industry operates in an environmentally conscious manner while supporting sustainable energy development in the state.
