This form is used in the event any part to this Agreement elects not to participate in a Horizontal Exploratory Well, the non-participating party shall, on commencement of operations for the well, relinquish to the participating party one hundred percent (100%) of its rights, title, and interests in and to that portion of the Contract Area included within the Drilling Unit for the well and one hundred percent (100%) of the party’s rights, title, and interests in and to that portion of the Contract Area.
Queens New York Relinquishment Provision — Horizontal Well: The Queens New York Relinquishment Provision is a regulation regarding the drilling and operation of horizontal wells in Queens, New York. This provision aims to ensure the safety, environmental protection, and efficient extraction of oil and gas resources in the region. Here is a detailed description of the Queens New York Relinquishment Provision — Horizontal Well: 1. Definition and Purpose: The Queens New York Relinquishment Provision refers to a set of guidelines and requirements that govern the drilling and operation of horizontal wells within the jurisdiction of Queens, New York. Its main purpose is to establish protocols and standards to safeguard both the environment and local communities while promoting the responsible extraction of oil and gas resources. 2. Safety Measures: The provision emphasizes safety as a priority when drilling and operating horizontal wells. It mandates the implementation of stringent safety protocols to prevent accidents, blowouts, and potential harm to workers, nearby residents, and the environment. Safety measures may include well integrity inspections, regular maintenance, and the use of advanced technologies to monitor the well's condition continuously. 3. Environmental Protection: Queens New York Relinquishment Provision — Horizontal Well focuses on protecting the environment from the potential risks associated with drilling activities. It requires the implementation of controls to minimize air and water pollution. This may involve capturing and properly disposing of drilling waste, managing harmful emissions, and utilizing eco-friendly drilling fluids to reduce the ecological impact. 4. Efficient Extraction Techniques: The provision promotes the use of advanced horizontal drilling techniques that allow for more efficient and effective extraction of oil and gas resources. Horizontal wells enable operators to access a larger and more extensive reservoir from a single well location, maximizing production rates while minimizing the number of wells required. This reduces surface disturbance and minimizes the impact on nearby communities. Types of Queens New York Relinquishment Provision — Horizontal Well: 1. Queens New York Relinquishment Provision — Conventional Horizontal Wells: This type refers to the use of horizontal drilling techniques in conventional oil and gas reservoirs found in Queens, New York. Operators follow the specific guidelines laid out by the provision to ensure safe and environmentally responsible extraction. 2. Queens New York Relinquishment Provision — Unconventional Horizontal Wells: Unconventional oil and gas reservoirs, such as shale and tight formations, fall under this category. The provision outlines additional requirements specifically tailored to these unconventional resources, considering their unique geology, extraction methods, and associated environmental concerns. In conclusion, the Queens New York Relinquishment Provision — Horizontal Well is a crucial set of guidelines that ensures the safe, environmentally friendly, and efficient extraction of oil and gas resources in Queens, New York. By emphasizing safety measures, environmental protection, and the use of advanced drilling techniques, this provision helps maintain the well-being of both the local community and the ecosystems surrounding drilling operations.Queens New York Relinquishment Provision — Horizontal Well: The Queens New York Relinquishment Provision is a regulation regarding the drilling and operation of horizontal wells in Queens, New York. This provision aims to ensure the safety, environmental protection, and efficient extraction of oil and gas resources in the region. Here is a detailed description of the Queens New York Relinquishment Provision — Horizontal Well: 1. Definition and Purpose: The Queens New York Relinquishment Provision refers to a set of guidelines and requirements that govern the drilling and operation of horizontal wells within the jurisdiction of Queens, New York. Its main purpose is to establish protocols and standards to safeguard both the environment and local communities while promoting the responsible extraction of oil and gas resources. 2. Safety Measures: The provision emphasizes safety as a priority when drilling and operating horizontal wells. It mandates the implementation of stringent safety protocols to prevent accidents, blowouts, and potential harm to workers, nearby residents, and the environment. Safety measures may include well integrity inspections, regular maintenance, and the use of advanced technologies to monitor the well's condition continuously. 3. Environmental Protection: Queens New York Relinquishment Provision — Horizontal Well focuses on protecting the environment from the potential risks associated with drilling activities. It requires the implementation of controls to minimize air and water pollution. This may involve capturing and properly disposing of drilling waste, managing harmful emissions, and utilizing eco-friendly drilling fluids to reduce the ecological impact. 4. Efficient Extraction Techniques: The provision promotes the use of advanced horizontal drilling techniques that allow for more efficient and effective extraction of oil and gas resources. Horizontal wells enable operators to access a larger and more extensive reservoir from a single well location, maximizing production rates while minimizing the number of wells required. This reduces surface disturbance and minimizes the impact on nearby communities. Types of Queens New York Relinquishment Provision — Horizontal Well: 1. Queens New York Relinquishment Provision — Conventional Horizontal Wells: This type refers to the use of horizontal drilling techniques in conventional oil and gas reservoirs found in Queens, New York. Operators follow the specific guidelines laid out by the provision to ensure safe and environmentally responsible extraction. 2. Queens New York Relinquishment Provision — Unconventional Horizontal Wells: Unconventional oil and gas reservoirs, such as shale and tight formations, fall under this category. The provision outlines additional requirements specifically tailored to these unconventional resources, considering their unique geology, extraction methods, and associated environmental concerns. In conclusion, the Queens New York Relinquishment Provision — Horizontal Well is a crucial set of guidelines that ensures the safe, environmentally friendly, and efficient extraction of oil and gas resources in Queens, New York. By emphasizing safety measures, environmental protection, and the use of advanced drilling techniques, this provision helps maintain the well-being of both the local community and the ecosystems surrounding drilling operations.
