This form is used when any party electing not to participate in an exploratory well after the exploratory well has been drilled, relinquish and assign to the Drilling Party or Parties one hundred percent (100%) of its rights, title and interests in the Drilling Unit and the eight (8) Drilling Units directly and diagonally offsetting the Drilling Unit on which the well was drilled.
Oakland Michigan Relinquishment Provision — Exploratory Well is a provision that allows for the release or relinquishment of an exploratory well and associated acreage in Oakland County, Michigan. This provision includes specific regulations and guidelines for exploratory wells to ensure environmental protection and proper well abandonment. In Oakland County, there are two types of Oakland Michigan Relinquishment Provision — Exploratory Wells: 1. Conventional Exploratory Well: This type of exploratory well follows traditional drilling methods and techniques. It involves drilling vertically into the ground to evaluate potential oil or gas reservoirs. The relinquishment provision for conventional exploratory wells focuses on well abandonment protocols and requires the operator to restore the land to its original state once drilling operations are complete. 2. Horizontal Exploratory Well: This type of exploratory well involves drilling vertically, and then curving the well horizontally to access unconventional reservoirs such as shale formations. The relinquishment provision for horizontal exploratory wells not only addresses well abandonment but also emphasizes responsible drilling practices, including mitigating environmental impacts and minimizing surface disturbance. The Oakland Michigan Relinquishment Provision — Exploratory Well framework ensures that oil and gas operators comply with regulations set by the Michigan Department of Environment, Great Lakes, and Energy (EAGLE). It aims to protect groundwater, surface water, and surrounding ecosystems during the exploration and production processes. Operators seeking to drill exploratory wells in Oakland County, Michigan must adhere to the Oakland Michigan Relinquishment Provision — Exploratory Well guidelines, which typically include obtaining necessary permits, conducting regular inspections, monitoring air and water quality, and properly plugging and abandoning wells once exploration activities conclude. This provision plays a crucial role in maintaining environmental standards and protecting the natural resources of Oakland County. It ensures that any potential environmental impact resulting from oil and gas exploration is minimized and that the land is restored to its original condition once drilling is complete.Oakland Michigan Relinquishment Provision — Exploratory Well is a provision that allows for the release or relinquishment of an exploratory well and associated acreage in Oakland County, Michigan. This provision includes specific regulations and guidelines for exploratory wells to ensure environmental protection and proper well abandonment. In Oakland County, there are two types of Oakland Michigan Relinquishment Provision — Exploratory Wells: 1. Conventional Exploratory Well: This type of exploratory well follows traditional drilling methods and techniques. It involves drilling vertically into the ground to evaluate potential oil or gas reservoirs. The relinquishment provision for conventional exploratory wells focuses on well abandonment protocols and requires the operator to restore the land to its original state once drilling operations are complete. 2. Horizontal Exploratory Well: This type of exploratory well involves drilling vertically, and then curving the well horizontally to access unconventional reservoirs such as shale formations. The relinquishment provision for horizontal exploratory wells not only addresses well abandonment but also emphasizes responsible drilling practices, including mitigating environmental impacts and minimizing surface disturbance. The Oakland Michigan Relinquishment Provision — Exploratory Well framework ensures that oil and gas operators comply with regulations set by the Michigan Department of Environment, Great Lakes, and Energy (EAGLE). It aims to protect groundwater, surface water, and surrounding ecosystems during the exploration and production processes. Operators seeking to drill exploratory wells in Oakland County, Michigan must adhere to the Oakland Michigan Relinquishment Provision — Exploratory Well guidelines, which typically include obtaining necessary permits, conducting regular inspections, monitoring air and water quality, and properly plugging and abandoning wells once exploration activities conclude. This provision plays a crucial role in maintaining environmental standards and protecting the natural resources of Oakland County. It ensures that any potential environmental impact resulting from oil and gas exploration is minimized and that the land is restored to its original condition once drilling is complete.
