Fairfax, Virginia, Affidavit as to Acreage Assigned to Spacing / Proration Units around Producing Wells by Lessee is a legal document that outlines the assignment of acreage to spacing and proration units in relation to productive oil and gas wells. This affidavit is typically provided by the lessee, who is the party responsible for the exploration and extraction of oil and gas reserves in the area. In Fairfax, Virginia, there are several types of Affidavits as to Acreage Assigned to Spacing / Proration Units around Producing Wells by Lessee, including: 1. Single Well Affidavit: This type of affidavit focuses on the assignment of acreage to a single producing well. It specifies the exact location and boundaries of the spacing unit, which is the designated area assigned to a single well for effective resource recovery. 2. Multi-Well Affidavit: In cases where multiple productive wells are present, a multi-well affidavit is used. This document details the assignment of acreage to each individual well within the spacing unit. It outlines the boundaries and specific acreage assigned to each well, ensuring efficient and fair distribution of resources. 3. Spacing Unit Modification Affidavit: This affidavit is necessary when modifications or adjustments are made to the original spacing unit. It clarifies the changes made to the assigned acreage and ensures compliance with regulations governing development and extraction activities in Fairfax, Virginia. 4. Proration Unit Affidavit: Proration units are designated portions of spacing units used to determine the proportionate share of oil and gas production for each well. This affidavit specifies the assigned acreage to each proration unit within a spacing unit and helps in calculating the production allocation and royalties for the lessee. 5. Pooling Affidavit: In certain cases, pooling allows lessees to combine their acreage interests to extract resources more efficiently. The pooling affidavit outlines the acreage assigned to the pooled unit and defines the rights and responsibilities of each lessee involved. These affidavits serve as crucial legal documents that ensure transparency, fairness, and proper management of oil and gas resources in Fairfax, Virginia. They establish clear boundaries, allocation of acreage, and guidelines for the lessee's operations within the designated areas.
Fairfax Virginia Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee
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FAQ
The process of drilling and completing an oil or gas well is obviously going to cause disturbance to the surface. A typical footprint needed for drilling, completion, and subsequent production is generally in the 3 to 10 acre range.
Field rules might establish density rules of 40 acres per well up to 640 acres per well. Density rules for gas reservoirs generally provide for larger proration units than oil wells because wells in conventional gas reservoirs are able to drain a larger area than wells in conventional oil reservoirs.
Oil and gas wells can range in depth from a few hundred feet to more than 20,000 feet. In some parts of the world, wells go as deep as 30,000 feet, Zdarko says. Ranging from 1,000 to 2,500 feet deep, Aera's San Joaquin Valley wells are considered shallow.
NDIC has generally approved one well per 1,280-acre spacing unit (one square mile) for each formation or two adjacent 640-acre sections. But some companies have been allowed to drill one well per 640-acre section. Some have even downspaced to two wells per 640-acre section (320-acre spacing).
Simply stated, a retained acreage clause is a clause in an oil and gas lease that sets out how much acreage a lessee may retain for each well it drills on the leased premises after the balance of the lease automatically terminates.
1. n. Oil and Gas Business The amount of acreage, determined by governmental authority that can be efficiently and economically drained by a well at a particular depth or horizon.
There are those in the oil and gas industry who believe to prorate a reservoir means to take or produce at equal rates from all wells in the reservoir regardless of the quality of the wells or the reserves underlying them.
NDIC has generally approved one well per 1,280-acre spacing unit (one square mile) for each formation or two adjacent 640-acre sections. But some companies have been allowed to drill one well per 640-acre section. Some have even downspaced to two wells per 640-acre section (320-acre spacing).
Every gas well drilled in such pool: a) Shall be on a drilling unit consisting of (1) one hundred sixty (160) contiguous surface acres, or (2) a governmental quarter section containing not less than one hundred forty- four (144) acres or more than one hundred seventy-six (176) acres.