Georgia Relinquishment Provision - All offset Wells
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1. n. [Drilling] An existing wellbore close to a proposed well that provides information for planning the proposed well. In planning development wells, there are usually numerous offsets, so a great deal is known about the subsurface geology and pressure regimes.
Offset well in the Oil and Gas Industry The offset well is drilled for purposes of obtaining information which will help in planning a proposed well. An offset well is a wellbore which is close to a proposed well, and which provides information for planning the proposed well.
Offset well in the Oil and Gas Industry An offset well is a wellbore which is close to a proposed well, and which provides information for planning the proposed well. Data from an offset well can be very helpful in determining how a proposed well will behave or react to certain treatments or techniques.
Shallow, deep and ultra-deep wells Oil and gas wells are commonly classified based on their total vertical depth (TVD), which is broadly divided into three main categories: (i) shallow, (ii) deep, and (iii) ultra-deep (Fig. 15.1). Shallow wells represent the conventional oil and gas reserves that are now scarce.
?Offset? means a well drilled on a forty-acre [16.19-hectare] tract cornering or contiguous to a forty-acre [16.19-hectare] tract having an existing oil well, or a well drilled on a one hundred sixty-acre [64.75-hectare] tract cornering or contiguous to a one hundred sixty acre [64.75-hectare] tract having an existing ...
