This is a provision for an Operating Agreement that concerns the Assignment of rights to an obligatory well. It provides the assignment options if any proposed operations are necessary to maintain a Lease covered by the Agreement in force or an agreement to earn a lease(s) which would otherwise expire unless operations are conducted.
Illinois Obligatory Well
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Multi-State
Control #:
US-OG-710
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Word;
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FAQ
In Illinois, the State legislature, known as the General Assembly, consists of a 59-member Senate and a 118-member House of Representatives. A 2-year term of legislative activity by the General Assembly. Each 2-year term of the General Assembly is numbered.
Illinois' legislative branch is made up of the House and Senate, and is called the Illinois General Assembly (ILGA). Its main functions include enacting, amending or repealing laws; passing resolutions; adopting spending bills; and examining proposed legislation.
LEGISLATURE - POWER AND STRUCTURE The legislative power is vested in a General Assembly consisting of a Senate and a House of Representatives, elected by the electors from 59 Legislative Districts and 118 Representative Districts.
Most surface water diversions in the state are regulated by the common law reasonable use doctrine.
Illinois Oil and Gas Act (225 ILCS 725) provides for the conservation of oil and gas resources through the protection of correlative rights, proper well spacing, integration and unitization of mineral interests; and for the regulation of the drilling, construction, operation, and plugging of oil and gas production ...
The Legislative Process in Illinois Illinois, like the United States legislature, has two bodies, the Senate and the House of Representatives. This is called a bicameral legislature. A bill becomes a law when it passes both houses of the General Assembly with a majority vote in each house and is signed by the governor.
In general, you should see a life expectancy of 50+ years for the well, 10+ years for the pump, and 10-15 years for the tank. Water quality and usage play a role in the life cycle of the system with some wells lasting 100+ years and pumps lasting 30+ years.
When the Governor approves a bill, he or she signs it, dates it, and deposits it with the Secretary of State. This copy is the official record and law of the state.
