Guam Relinquishment Provision - All offset Wells

State:
Multi-State
Control #:
US-OG-716
Format:
Word; 
Rich Text
Instant download

Description

This clause addresses the responsibilites in the event any Party elects not to participate in the drilling of a well and provides for the relinquishment of interest and assignments by that party.

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FAQ

In United States law, an organic act is an act of the United States Congress that establishes a territory of the United States and specifies how it is to be governed, or an agency to manage certain federal lands.

In general, the act established a non-military, civil government on Guam; granted congressional US citizenship to residents of the island at the time and their descendants; and solidified the island's political status as an unincorporated territory of the United States.

The Organic Act of 1950 essentially created a form of "home rule." It empowered residents of the Territory of Guam to establish local legislative, executive, and judicial branches of government empowered to control most local issues.

Then, Congress passed the Organic Act of 1890, that transferred all weather and related river services into the Department of Agriculture, and created a civilian U.S. Weather Bureau, which would later become the National Weather Service (NWS). As the country grew, the need for expanded hydrologic services grew with it.

The Organic Act of Guam was signed into law on August 1, 1950, by President Harry S. Truman. The Organic Act granted American citizenship to all per- sons residing in Guam at the time of its enactment, and to their children who were born after April 11, 1899.

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Guam Relinquishment Provision - All offset Wells