This is a Reasonable Development form. The assignee shall drill all additional wells necessary to develop the leases and the land they cover, necessary to protect them from drainage, as would a reasonably prudent operator; provided, however, without limitation of the foregoing, assignee shall drill all development, protection, or offset wells which may be required under the terms and provisions of the oil and gas leases on the lands, to the depths assigned.
Guam Reasonable Development
Category:
State:
Multi-State
Control #:
US-OG-507
Format:
Word;
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FAQ
Guam is an unincorporated territory of the United States governed under the Organic Act of Guam, passed by the U.S. Congress and approved by the president on August 1, 1950.
The Land for the Landless program, created in 1978, allowed landless, low-income, residents to buy public land at a reduced price of $2,500, paid off over 10 years. The Land Trust allows indigenous residents, as defined by law, to apply for long-term leases of public land in the Land Trust inventory at $1 per year.
The North and Central Guam Land Use Plan envisions a community that is safe for residents in terms of living and mobility, protects residential areas from major commercial developments while improving access to work, shopping, and recreation, puts the focus on the village, and provides adequate public services, ...
Land use: agricultural land: 33.4% (2018 est.) arable land: 1.9% (2018 est.) permanent crops: 16.7% (2018 est.) permanent pasture: 14.8% (2018 est.)
