Arkansas Memorandum of Subsurface Undergound Gas Storage Lease and Agreement
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How to fill out Memorandum Of Subsurface Undergound Gas Storage Lease And Agreement?
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FAQ
Ten counties in Arkansas produce oil, all in the southern region of the state: Ashley, Bradley, Calhoun, Columbia, Hempstead, Lafayette, Miller, Nevada, Ouachita, and Union. Historically, most of this production has been in Union, Lafayette, Columbia, and Ouachita counties.
A mineral lease is a contractual agreement between the owner of a mineral estate (known as the lessor), and another party such as an oil and gas company (the lessee). The lease gives an oil or gas company the right to explore for and develop the oil and gas deposits in the area described in the lease.
The Arkansas Oil and Gas Commission (OGC) prevents waste and encourages conservation of the Arkansas oil, natural gas, and brine resources, to protect the correlative rights associated with those resources, and to respect the environment during the production, extraction, and transportation of those resources.
Other States By Production Rank RankStateOil Produced# 12Arkansas412.3K BBL# 13Mississippi1.2M BBL# 14Montana1.2M BBL# 15AlabamaBBL14 more rows
As of May 2017, hydraulic fracturing in Arkansas occurred primarily in the Fayetteville Shale, a geological formation that spans northern Arkansas.
The Atoka Formation of Pennsylvanian age contains the principal gas-producing units in the Arkoma basin. The Atoka Formation is a succession of alternating beds of sandstone and shale with a maximum subsurface thickness of approximately 15,000 - 20,000 feet in this region.
