This form is used in the event any part to this Agreement elects not to participate in a Horizontal Exploratory Well, the non-participating party shall, on commencement of operations for the well, relinquish to the participating party one hundred percent (100%) of its rights, title, and interests in and to that portion of the Contract Area included within the Drilling Unit for the well and one hundred percent (100%) of the party’s rights, title, and interests in and to that portion of the Contract Area.
Georgia Relinquishment Provision - Horizontal Well
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Multi-State
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US-OG-718
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Word;
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FAQ
Georgia engineers renew their license every two years; all engineering licenses are renewed on December 31st of even years. During each renewal period, engineers are required to complete 30 PDH hours. Continuing education credits above this amount can be carried over to the next period, up to a maximum of 15 hours.
Types of Licensure in Georgia The only difference in the requirements for these two licenses is in the examination component. NCEES' 8-hr Principles and Practice of Engineering exams are only accepted for the PE license. The 16-hr Structural** or equivalent is required for the SE license.
O.C.G.A. 43-15-6(b) and Board Rule 180-11 are the definitive documents which govern what registrants must do to meet biennial renewal requirements. These instructions are intended to give a more complete understanding of the intent of the rules.
in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.
A clause in an oil & gas lease that allows a lessee to keep the lease in effect past the primary term by substituting payment of shut-in royalty for actual production.
Professional Engineer (PE) Licensure It is designed for engineers who have gained a minimum of four years' post-college work experience in their chosen engineering discipline. An application to take the PE exam must be submitted to the Georgia State Board of Registration for Professional Engineers and Land Surveyors.
Georgia Engineering Seal Requirements The seal should be 1-1/2" in diameter, and it must include your name or the name of your company, your license number, and the phrase ?Registered Professional Engineer.? The seal will be circular, and the diameter of the inner circle should be 1".
To process your renewal, log in to your account on the Georgia Online Licensing site. Click on the License Renewal button on the left-hand side of the page. Enter your login information. If you do not remember your login credentials, click on the link to reset for a ?person? type license.
