This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Wyoming Use of Produced Oil Or Gas by Lessor
Category:
State:
Multi-State
Control #:
US-OG-839
Format:
Word;
Rich Text
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FAQ
Texas is by far the largest oil-producing state in the United States. In 2022, Texas produced a total of 1.8 billion barrels.
Wyoming State Energy Profile Wyoming was the eighth-largest crude oil-producing state in the nation in 2022, accounting for 2% of U.S. total crude oil output. The state was the 10th-largest natural gas producer, and accounted for about 3% of U.S. marketed gas production.
Thirty-two U.S. states produce oil. About 69% of total U.S. crude oil production in 2019 came from five states: Texas (41.4%), North Dakota (11.6%), New Mexico (7.4%), Oklahoma (4.7%), and Colorado (4.2%). Texas is the largest producer of crude oil in the United States.
Wyoming produced 90.9 million barrels of crude oil in 2022, up from 85.5 million barrels in 2021.
EXPLORATION. The petroleum industry has been exploring for oil and gas in Wyoming for over 135 years. In 1884 the first oil well was drilled southeast of present day Lander.
"Held by production" is a provision in an oil or natural gas property lease that allows the lessee, generally an energy company, to continue drilling activities on the property as long as it is economically producing a minimum amount of oil or gas.
Wyoming Inland Rig Count is at a current level of 17.00, down from 18.00 last week and down from 23.00 one year ago. This is a change of -5.56% from last week and -26.09% from one year ago.
A mineral lease is a contractual agreement between the owner of a mineral estate (known as the lessor), and another party such as an oil and gas company (the lessee). The lease gives an oil or gas company the right to explore for and develop the oil and gas deposits in the area described in the lease.
