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.
Harris Texas Obligatory Well, also known as the Harris TX Obligatory Well, is a significant oil and gas well located in Harris County, Texas. It is considered one of the primary sources of hydrocarbon extraction in the region. This well is strategically positioned within the prolific oil and gas-rich geological formations of the Harris Basin, contributing to the state's booming energy sector. The Harris Texas Obligatory Well is classified into various types based on its function and specific characteristics. These types include: 1. Production Well: This type of Harris Texas Obligatory Well focuses on the extraction of oil and gas from underground reservoirs. It employs advanced drilling techniques, such as vertical drilling or horizontal drilling, to access the hydrocarbon-bearing formations. These wells typically have production equipment installed on the surface to facilitate the collection and transportation of the extracted resources. 2. Injection Well: An injection well plays a crucial role in the oil and gas industry by injecting various substances into the subsurface formations. These substances include water, chemicals, gases, or even steam. In the case of the Harris TX Obligatory Well, injection wells are employed to enhance oil recovery and pressure management within the reservoir. This process can improve overall production and optimize reservoir performance. 3. Saltwater Disposal Well: Saltwater disposal wells are specifically designed for the safe and environmentally responsible disposal of the brine or saltwater generated during the oil and gas extraction process. These wells are pivotal in reducing the risk of groundwater contamination, as they provide a secure pathway for the permanent storage of the saltwater deep beneath the surface. Harris Texas Obligatory Well may have dedicated saltwater disposal wells to handle the vast volumes of saltwater produced during extraction. It is important to note that the Harris Texas Obligatory Well is subject to strict regulations and compliance measures set by the Texas Railroad Commission (RRC). The RRC ensures that the operation of these wells adheres to environmental guidelines, safety standards, and lawful practices. Regular inspections, testing, and monitoring are carried out to ensure compliance and mitigate any potential risks associated with these wells. Overall, the Harris Texas Obligatory Well plays a pivotal role in the state's energy landscape, contributing to job creation, economic growth, and energy security. Its various types, including production wells, injection wells, and saltwater disposal wells, enable efficient and sustainable hydrocarbon extraction practices in the region.Harris Texas Obligatory Well, also known as the Harris TX Obligatory Well, is a significant oil and gas well located in Harris County, Texas. It is considered one of the primary sources of hydrocarbon extraction in the region. This well is strategically positioned within the prolific oil and gas-rich geological formations of the Harris Basin, contributing to the state's booming energy sector. The Harris Texas Obligatory Well is classified into various types based on its function and specific characteristics. These types include: 1. Production Well: This type of Harris Texas Obligatory Well focuses on the extraction of oil and gas from underground reservoirs. It employs advanced drilling techniques, such as vertical drilling or horizontal drilling, to access the hydrocarbon-bearing formations. These wells typically have production equipment installed on the surface to facilitate the collection and transportation of the extracted resources. 2. Injection Well: An injection well plays a crucial role in the oil and gas industry by injecting various substances into the subsurface formations. These substances include water, chemicals, gases, or even steam. In the case of the Harris TX Obligatory Well, injection wells are employed to enhance oil recovery and pressure management within the reservoir. This process can improve overall production and optimize reservoir performance. 3. Saltwater Disposal Well: Saltwater disposal wells are specifically designed for the safe and environmentally responsible disposal of the brine or saltwater generated during the oil and gas extraction process. These wells are pivotal in reducing the risk of groundwater contamination, as they provide a secure pathway for the permanent storage of the saltwater deep beneath the surface. Harris Texas Obligatory Well may have dedicated saltwater disposal wells to handle the vast volumes of saltwater produced during extraction. It is important to note that the Harris Texas Obligatory Well is subject to strict regulations and compliance measures set by the Texas Railroad Commission (RRC). The RRC ensures that the operation of these wells adheres to environmental guidelines, safety standards, and lawful practices. Regular inspections, testing, and monitoring are carried out to ensure compliance and mitigate any potential risks associated with these wells. Overall, the Harris Texas Obligatory Well plays a pivotal role in the state's energy landscape, contributing to job creation, economic growth, and energy security. Its various types, including production wells, injection wells, and saltwater disposal wells, enable efficient and sustainable hydrocarbon extraction practices in the region.
