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 Santa Clara California Relinquishment Provision — Horizontal Well is a specific regulation that governs the relinquishment of horizontal wells in Santa Clara County, California. This provision outlines the requirements and procedures for operators to abandon or transfer ownership of these wells to mitigate potential environmental risks. A horizontal well refers to a drilling technique used to extract oil or gas from underground reservoirs. Unlike vertical wells, horizontal wells are drilled at an angle to maximize contact with the target formation. This method allows for higher production rates and increased efficiency in extracting hydrocarbons. Under the Santa Clara Relinquishment Provision, operators are required to follow strict guidelines to properly abandon horizontal wells. This process includes plugging the well bore with cement and taking necessary precautions to prevent any leakage or contamination of the surrounding environment or sources of water. The relinquishment provision also mandates the transfer of ownership or responsibility for the well to an authorized entity if an operator is no longer able to maintain or operate it. This ensures that proper oversight and maintenance continue to safeguard against potential hazards. Different types of Santa Clara California Relinquishment Provision — Horizontal Wells may include: 1. Conventional Horizontal Wells: These horizontal wells are drilled using standard techniques and technologies to reach and extract oil or gas trapped in underground reservoirs with naturally low permeability. 2. Unconventional Horizontal Wells: These wells involve the use of hydraulic fracturing (fracking) techniques to extract hydrocarbons from unconventional reservoirs such as shale, tight sand, or coal bed methane formations. 3. Offshore Horizontal Wells: These wells are drilled horizontally beneath the ocean floor to extract oil or gas deposits located offshore. They often require specialized equipment and techniques due to the unique offshore operating conditions. It is crucial for operators and stakeholders involved in horizontal well projects to fully understand and comply with the Santa Clara California Relinquishment Provision to ensure environmental protection and the responsible management of these wells. Adhering to these regulations is essential in minimizing the potential risks associated with drilling, operation, and abandonment of horizontal wells in Santa Clara County, California.The Santa Clara California Relinquishment Provision — Horizontal Well is a specific regulation that governs the relinquishment of horizontal wells in Santa Clara County, California. This provision outlines the requirements and procedures for operators to abandon or transfer ownership of these wells to mitigate potential environmental risks. A horizontal well refers to a drilling technique used to extract oil or gas from underground reservoirs. Unlike vertical wells, horizontal wells are drilled at an angle to maximize contact with the target formation. This method allows for higher production rates and increased efficiency in extracting hydrocarbons. Under the Santa Clara Relinquishment Provision, operators are required to follow strict guidelines to properly abandon horizontal wells. This process includes plugging the well bore with cement and taking necessary precautions to prevent any leakage or contamination of the surrounding environment or sources of water. The relinquishment provision also mandates the transfer of ownership or responsibility for the well to an authorized entity if an operator is no longer able to maintain or operate it. This ensures that proper oversight and maintenance continue to safeguard against potential hazards. Different types of Santa Clara California Relinquishment Provision — Horizontal Wells may include: 1. Conventional Horizontal Wells: These horizontal wells are drilled using standard techniques and technologies to reach and extract oil or gas trapped in underground reservoirs with naturally low permeability. 2. Unconventional Horizontal Wells: These wells involve the use of hydraulic fracturing (fracking) techniques to extract hydrocarbons from unconventional reservoirs such as shale, tight sand, or coal bed methane formations. 3. Offshore Horizontal Wells: These wells are drilled horizontally beneath the ocean floor to extract oil or gas deposits located offshore. They often require specialized equipment and techniques due to the unique offshore operating conditions. It is crucial for operators and stakeholders involved in horizontal well projects to fully understand and comply with the Santa Clara California Relinquishment Provision to ensure environmental protection and the responsible management of these wells. Adhering to these regulations is essential in minimizing the potential risks associated with drilling, operation, and abandonment of horizontal wells in Santa Clara County, California.
