Iowa Farmout - Horizontal Wells

Category:

Oil Gas and Minerals - Agreements

State:

Multi-State

Control #:

US-OG-704

Format:

Instant download

Description

Should any Party elect not to participate in any Horizontal Exploratory Well, other than the Initial Well proposed under the terms of the Agreement, the non-participating Party agrees to farmout to the participating Parties its interest.

Iowa Oil, Gas and Mineral Lease

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Iowa Farmout Agreement - Short Form

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FAQ

There are no wells in Iowa, but the National Energy and Petrochemical Map shows data on other statewide energy infrastructure.

The IUB certifies all competitive natural gas providers and aggregators (CNGPs), as defined in Iowa Code § 476.86, that provide natural gas services to customers in Iowa.

Of the 123 known exploration wells in Iowa, three have yielded oil, all in Washington County. Others have yielded encouraging signs and valuable information.

Petroleum. Iowa is not a crude oil-producing state and does not have any proved oil reserves. Of more than 100 exploratory wells drilled in the state, only a handful ever produced oil. Those wells no longer produce, and their combined production was less than 500 barrels of crude oil.

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