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.
The San Bernardino California Relinquishment Provision — Horizontal Well is a regulatory aspect that pertains to the extraction of oil and natural gas in the city of San Bernardino, California. It involves the process of surrendering the rights to a specific area or lease where horizontal drilling for hydrocarbons has been conducted or is proposed. This provision is implemented to ensure the responsible and sustainable development of energy resources while safeguarding the environment and public safety. Horizontal drilling involves the extraction of oil and gas from underground formations by drilling horizontally, rather than vertically. It allows the operator to access multiple pockets of hydrocarbons from a single well. There are different types of San Bernardino California Relinquishment Provision — Horizontal Wells, which include: 1. Initial Horizontal Well Relinquishment: This refers to the relinquishment of rights and obligations associated with the first horizontal well drilled within a specific lease or area in San Bernardino, California. It outlines the conditions and requirements that must be met by the operator before surrendering the lease. 2. Subsequent Horizontal Well Relinquishment: This type of relinquishment provision applies to additional horizontal wells drilled within the same lease or area after the initial well. It ensures that operators follow appropriate procedures and meet certain criteria established by the regulatory authorities before relinquishing their rights. 3. Partial Relinquishment: In certain cases, operators may choose to relinquish only a portion of the lease or area where horizontal drilling has taken place. This provision allows for specific sections to be released while maintaining rights to other sections, based on the operator's drilling plans and development strategies. The San Bernardino California Relinquishment Provision — Horizontal Well aims to strike a balance between the economic benefits of energy extraction and the need for environmental stewardship. It also ensures that operators comply with all necessary regulations, provide adequate data and reports, and restore the drilling site to its original condition once the relinquishment process is complete. Keywords: San Bernardino California, relinquishment provision, horizontal well, oil and gas extraction, sustainable development, environment, public safety, hydrocarbons, underground formations, responsible drilling, initial horizontal well relinquishment, subsequent horizontal well relinquishment, partial relinquishment.The San Bernardino California Relinquishment Provision — Horizontal Well is a regulatory aspect that pertains to the extraction of oil and natural gas in the city of San Bernardino, California. It involves the process of surrendering the rights to a specific area or lease where horizontal drilling for hydrocarbons has been conducted or is proposed. This provision is implemented to ensure the responsible and sustainable development of energy resources while safeguarding the environment and public safety. Horizontal drilling involves the extraction of oil and gas from underground formations by drilling horizontally, rather than vertically. It allows the operator to access multiple pockets of hydrocarbons from a single well. There are different types of San Bernardino California Relinquishment Provision — Horizontal Wells, which include: 1. Initial Horizontal Well Relinquishment: This refers to the relinquishment of rights and obligations associated with the first horizontal well drilled within a specific lease or area in San Bernardino, California. It outlines the conditions and requirements that must be met by the operator before surrendering the lease. 2. Subsequent Horizontal Well Relinquishment: This type of relinquishment provision applies to additional horizontal wells drilled within the same lease or area after the initial well. It ensures that operators follow appropriate procedures and meet certain criteria established by the regulatory authorities before relinquishing their rights. 3. Partial Relinquishment: In certain cases, operators may choose to relinquish only a portion of the lease or area where horizontal drilling has taken place. This provision allows for specific sections to be released while maintaining rights to other sections, based on the operator's drilling plans and development strategies. The San Bernardino California Relinquishment Provision — Horizontal Well aims to strike a balance between the economic benefits of energy extraction and the need for environmental stewardship. It also ensures that operators comply with all necessary regulations, provide adequate data and reports, and restore the drilling site to its original condition once the relinquishment process is complete. Keywords: San Bernardino California, relinquishment provision, horizontal well, oil and gas extraction, sustainable development, environment, public safety, hydrocarbons, underground formations, responsible drilling, initial horizontal well relinquishment, subsequent horizontal well relinquishment, partial relinquishment.
