Arkansas Surface Use Compensation Agreement

State:
Multi-State
Control #:
US-OG-146
Format:
Word; 
Rich Text
Instant download

Description

This Agreement contemplates the lessor in an oil and gas lease is also the surface owner. It provides for the lessee to pay specific sums for each enumerated activity the lessee conducts on the land covered by the oil and gas lease and this Agreement.
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FAQ

In the State of Arkansas when a person sells a piece of property the mineral rights automatically transfer with the surface rights, unless otherwise stated in the deed.

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.

Other States By Production Rank RankStateOil Produced# 12Arkansas412.3K BBL# 13Mississippi1.2M BBL# 14Montana1.2M BBL# 15AlabamaBBL14 more rows

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.

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.

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Arkansas Surface Use Compensation Agreement