Salt Lake Utah Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee: In Salt Lake City, Utah, the Salt Lake Utah Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a legal document that pertains to the allocation and management of acreage surrounding producing wells. This affidavit is executed by the lessee, typically an oil and gas company, and outlines the details of spacing and proration units for productive wells in the Salt Lake area. The purpose of the affidavit is to establish and ensure accurate acreage assignments within the spacing and proration units. Spacing units define the designated area around a producing well where additional wells can be drilled efficiently without interference. Proration units, on the other hand, determine the allocation and distribution of production volumes from the wells within the spacing units. The Salt Lake Utah Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is essential for several reasons. First, it helps maintain proper organization and prevents overlapping or conflicting claims over specific locations. Secondly, it assists in maximizing the extraction of hydrocarbon resources by efficiently planning well placements and spacing. Additionally, the affidavit provides clarity regarding the allocation of production, royalties, and lease obligations among the various working interest owners within the area. Different types of Salt Lake Utah Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee may include: 1. Well-Specific Affidavit: This affidavit is prepared for each individual producing well within the Salt Lake area. It details the specific acreage assignments, spacing units, proration units, and any special considerations related to the well. 2. General Affidavit: A general affidavit may be created to cover multiple wells or an entire leasehold area in Salt Lake. It provides a comprehensive overview of the acreage assigned to all spacing and proration units within the designated region, incorporating relevant legal descriptions and lease agreements. 3. Amended Affidavit: If any changes or modifications are made to the original affidavit, such as adjusting acreage assignments or redefining spacing units, an amended affidavit is created to reflect the updated information. In conclusion, the Salt Lake Utah Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee is a crucial legal document that addresses the allocation and management of acreage around producing wells in the Salt Lake City area. It ensures efficient drilling, optimized production, and proper distribution of resources among working interest owners.
Salt Lake Utah Affidavit As to Acreage Assigned to Spacing / Proration Units Around Producing Wells by Lessee
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FAQ
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.
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.
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.
But HUD goes further and states that "Operating and abandoned oil and gas wells pose potential hazards to housing, including potential fire, explosion, spray and other pollution.... No existing dwelling may be located closer than 300 feet from an active or planned drilling site.
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).
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.
Schlumberger's technical paper advised spacing new wells no closer than 900 ft from a well that had been producing 36 months or morecompared with a 750 ft minimum for one producing less than 12 months.
However, a natural gas well doesn't work in the same way at all. A water well is created by drilling a hole in the ground and letting it fill with water. A natural gas well needs to drill further, into the underground rock itself. That means these wells are deeper and therefore more dangerous to create.
Back when records began, oil wells were an average of 3,635 feet deep. But that was 65 years ago - and since 1949 we have used up these 'shallow' reserves. Oil is a finite resource, meaning we now have to dig deeper to find it - with the 2008 average depth coming in at an average of 5,964 feet.
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.