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.
San Diego California Relinquishment Provision — Horizontal Well refers to a specific regulation governing the relinquishment process for horizontal wells located in the San Diego region of California. This provision addresses the requirements and procedures that operators must follow when relinquishing or abandoning horizontal wells in the area. The San Diego California Relinquishment Provision — Horizontal Well is crucial for ensuring the safe and efficient decommissioning of horizontal wells, which are typically used in the extraction of oil and gas resources. It helps prevent environmental risks, promotes responsible well management, and ensures effective site restoration. Key features of the San Diego California Relinquishment Provision — Horizontal Well include: 1. Regulatory compliance: The provision outlines the regulatory framework that operators must comply with when relinquishing horizontal wells. It encompasses various state and local regulations, including environmental and safety standards, land use requirements, and permit conditions. 2. Well plugging and site restoration: The provision lays out specific procedures for the proper plugging and abandonment of horizontal wells. It covers aspects like well casing removal, cementing procedures, and restoration of the well site to its original state or a predetermined acceptable condition. 3. Reporting and documentation: Operators are required to provide detailed reports and documentation throughout the relinquishment process. This includes well log data, completion records, site assessment reports, and compliance documentation to ensure transparency and accountability. 4. Financial responsibility: The provision may also encompass provisions related to financial responsibility. It may require operators to provide financial assurances, such as performance bonds or escrow accounts, to cover the costs associated with plugging, site restoration, and potential environmental liabilities. Different types of San Diego California Relinquishment Provision — Horizontal Well may include: 1. Standard relinquishment provision: This type of provision outlines the general requirements and procedures for relinquishing horizontal wells, applicable to most wells within the San Diego region. 2. Well-specific relinquishment provision: In some cases, certain horizontal wells may have unique characteristics or pose specific challenges during abandonment. Well-specific provisions may be developed to address these particular circumstances, ensuring the safe and efficient relinquishment of such wells. 3. Time-bound relinquishment provision: This type of provision sets specific deadlines or timelines for operators to complete the relinquishment process. It helps prevent delays or unnecessarily prolonged well abandonment, ensuring efficient resource management and minimizing potential risks. In summary, the San Diego California Relinquishment Provision — Horizontal Well is a crucial regulation that defines the requirements and procedures for the safe and responsible abandonment of horizontal wells in the San Diego area. By adhering to this provision, operators can mitigate environmental risks, ensure compliance with applicable regulations, and promote the effective restoration of well sites.San Diego California Relinquishment Provision — Horizontal Well refers to a specific regulation governing the relinquishment process for horizontal wells located in the San Diego region of California. This provision addresses the requirements and procedures that operators must follow when relinquishing or abandoning horizontal wells in the area. The San Diego California Relinquishment Provision — Horizontal Well is crucial for ensuring the safe and efficient decommissioning of horizontal wells, which are typically used in the extraction of oil and gas resources. It helps prevent environmental risks, promotes responsible well management, and ensures effective site restoration. Key features of the San Diego California Relinquishment Provision — Horizontal Well include: 1. Regulatory compliance: The provision outlines the regulatory framework that operators must comply with when relinquishing horizontal wells. It encompasses various state and local regulations, including environmental and safety standards, land use requirements, and permit conditions. 2. Well plugging and site restoration: The provision lays out specific procedures for the proper plugging and abandonment of horizontal wells. It covers aspects like well casing removal, cementing procedures, and restoration of the well site to its original state or a predetermined acceptable condition. 3. Reporting and documentation: Operators are required to provide detailed reports and documentation throughout the relinquishment process. This includes well log data, completion records, site assessment reports, and compliance documentation to ensure transparency and accountability. 4. Financial responsibility: The provision may also encompass provisions related to financial responsibility. It may require operators to provide financial assurances, such as performance bonds or escrow accounts, to cover the costs associated with plugging, site restoration, and potential environmental liabilities. Different types of San Diego California Relinquishment Provision — Horizontal Well may include: 1. Standard relinquishment provision: This type of provision outlines the general requirements and procedures for relinquishing horizontal wells, applicable to most wells within the San Diego region. 2. Well-specific relinquishment provision: In some cases, certain horizontal wells may have unique characteristics or pose specific challenges during abandonment. Well-specific provisions may be developed to address these particular circumstances, ensuring the safe and efficient relinquishment of such wells. 3. Time-bound relinquishment provision: This type of provision sets specific deadlines or timelines for operators to complete the relinquishment process. It helps prevent delays or unnecessarily prolonged well abandonment, ensuring efficient resource management and minimizing potential risks. In summary, the San Diego California Relinquishment Provision — Horizontal Well is a crucial regulation that defines the requirements and procedures for the safe and responsible abandonment of horizontal wells in the San Diego area. By adhering to this provision, operators can mitigate environmental risks, ensure compliance with applicable regulations, and promote the effective restoration of well sites.
