Iowa Relinquishment Provision - Horizontal Well

State:
Multi-State
Control #:
US-OG-718
Format:
Word; 
Rich Text
Instant download

Description

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.

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FAQ

Under the Code of Iowa, Chapter 468, the County Board of Supervisors act as Drainage District Trustees in all district matters. The land owners of a particular district may, if they wish, elect their own trustees and maintain the district themselves.

Owners of land may drain the land in the general course of natural drainage by constructing or reconstructing open or covered drains, discharging the drains in any natural watercourse or depression so the water will be carried into some other natural watercourse, and if the drainage is wholly upon the owner's land the ...

Iowa Code § 468.621 states that property owners may drain their land with open or covered drains in the general course of the natural drainage. A dominant landowner on higher ground may carry water from their land to the land of lower elevation, the servient estate.

25, § 700 - Drainage. The premises shall be free from depressions in which water can stand. Natural sinkholes, pools, swamps or other surface collectors of water within two hundred feet (60.9 meters) of the periphery of the camp shall be either drained or filled to remove the quiescent surface water.

? All waters are ?public waters and public wealth? of Iowa citizens. Iowa statute provides an allocation system based on ?beneficial use?. Waste, unreasonable use, and unreasonable methods of water use are prevented. ? Withdrawals in excess of 25,000 gallons/day from streams or aquifers require a permit from IDNR.

The following is Iowa's general statute of limitations for misdemeanor crimes: Simple Misdemeanor: One year. Aggravated or Serious Misdemeanor: Three years. Fraud and Breach of Fiduciary Obligation: One year from the time of discovery but not exceeding six years, extending the one-year period by five years.

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Iowa Relinquishment Provision - Horizontal Well