This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Alaska Drilling Requirements
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Multi-State
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US-OG-790
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FAQ
The Arctic is a high-risk environment for the oil industry. At the center of the Arctic battle is Alaska's North Slope, which borders the Beaufort Sea in the state's far north.
In order to drill a well for oil, gas, or geothermal resources in Alaska, a person must obtain a Permit to Drill from the Alaska Oil and Gas Conservation Commission (AOGCC).
Tough and inadequate infrastructures to respond to major accidents. Unproven technology in such harsh climate conditions. Low knowledge of industrial activity in the Arctic region. Country-specific environmental laws to preserve animals and unique plants species.
Conservationists said that oil development would unnecessarily threaten the existence of the Porcupine caribou by cutting off the herd from calving areas. They also expressed concerns that oil operations would erode the fragile ecological systems that support wildlife on the tundra of the Arctic plain.
Unpredictable ice conditions, and months of darkness mean there's no easy way to keep an oil spill from damaging ecosystems and wiping out wildlife. That's a big concern because there is still no proven way to clean up a spill in the Arctic's frigid waters.
March 16, 2023 pm Willow field, a 600-million-barrel, US$8 billion oil project recently approved by the Biden administration ? to the outrage of environmental and climate activists ? is the latest chapter in that long saga.
The entire well construction process ? including hydraulic fracturing ? takes about two or three months. The well is then ready for 20 to 30 years of productive life.
Oil and Gas. Alaska still runs on oil. Alaska's North Slope has responsibly produced more than 18 billion barrels of oil since the discovery of the Prudhoe Bay oil field.
