Georgia Drilling Requirements

State:
Multi-State
Control #:
US-OG-790
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

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FAQ

Georgia's oil product imports come from Azerbaijan, Russia and Turkmenistan, and it transits crude oil from Azerbaijan and Kazakhstan to Turkiye. The Karadaghi-Tbilisi gas interconnection is the main pipeline for Georgia to import gas from the Azeri gas field, from the State Oil Company of Azerbaijan Republic (SOCAR).

Where U.S. crude oil is produced The top five crude oil-producing states and their percentage shares of total U.S. crude oil production in 2021 were: Texas42.4% New Mexico11.1% North Dakota9.9% Alaska3.9% Colorado3.7%

Nothing in this part shall prohibit a person from drilling a well on his or her own property if such property is his or her primary residence. A person is prohibited from drilling a well or wells on property he or she owns and is developing for resale unless such person has a license as a water well contractor.

Georgia does not have any crude oil production or proved petroleum reserves. None of the nearly 200 exploration wells drilled in the state during the 20th century were successful. Georgia no longer has any petroleum refineries.

Oil and gas drilling has never taken place in Georgia, and exploration for conventional fossil fuels stopped in the 1970s. In the 2000s oil and gas companies began buying up leases to explore the state's shale plays.

Well Drilling Costs By State StateAverage Cost Per FootGeorgia$27 ? $59Hawaii$33 ? $73Idaho$25 ? $55Illinois$29 ? $6343 more rows ?

The typical water well in Northeast Georgia is between 200 to 800 feet deep. However, well depth is highly variable from site to site, and cannot be predicted before drilling the well.

Reserves. There is no oil or gas activity in Georgia due to limited crude oil and natural gas reserves.

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Georgia Drilling Requirements