This form is used when any party electing not to participate in an exploratory well after the exploratory well has been drilled, relinquish and assign to the Drilling Party or Parties one hundred percent (100%) of its rights, title and interests in the Drilling Unit and the eight (8) Drilling Units directly and diagonally offsetting the Drilling Unit on which the well was drilled.
The District of Columbia Relinquishment Provision, also known as the DC Relinquishment Provision — Exploratory Well, is a legal provision that concerns the exploration and drilling of wells within the District of Columbia. It outlines the specific regulations and procedures for relinquishing or decommissioning exploratory wells in the region. Exploratory wells are critical in assessing subsurface conditions, determining the presence of natural resources such as oil or gas, and aiding in geological research. However, once the need for an exploratory well has been fulfilled or if it is no longer operationally viable, the District of Columbia Relinquishment Provision comes into play. This provision ensures that the decommissioning process is conducted safely and in compliance with the environmental and legal requirements of the area. The District of Columbia Relinquishment Provision — Exploratory Well encompasses several types or scenarios, including: 1. Active Exploratory Well Relinquishment: This refers to the process of relinquishing an active exploratory well that is still in operation. It involves proper closure and sealing of the well bore, removing and disposing of any equipment, and reclamation of the site according to regulatory standards. 2. Abandoned Exploratory Well Relinquishment: When an exploratory well has been abandoned or left inactive without proper closure, the DC Relinquishment Provision mandates the responsible party to undertake necessary actions to renounce ownership, ensuring the site's safety and restoring any environmental damage caused by the well. 3. Non-Commercial Exploratory Well Relinquishment: In cases where the exploratory well shows no potential for commercial production or research purposes, the relinquishment provision enables the proper abandonment, closure, and decommissioning of the well, eliminating any future liability or maintenance obligations. 4. Temporary Exploratory Well Relinquishment: Temporary relinquishment occurs when an exploratory well is temporarily taken out of service or paused due to various factors, including seasonal conditions or logistical considerations. This provision allows for compliance with regulatory requirements during the temporary cessation period. The District of Columbia Relinquishment Provision — Exploratory Well aims to safeguard the environment, public health, and safety within the boundaries of the District. It ensures that all exploratory wells, regardless of their status or purpose, are managed responsibly, and their relinquishment or decommissioning follows recognized industry practices and local regulations. Compliance with this provision helps avoid environmental contamination, reduces the risk of accidents, and fosters sustainable resource exploration and development in the District of Columbia.
