Indiana Oil and Gas Division Order

State:
Multi-State
Control #:
US-OG-323
Format:
Word; 
Rich Text
Instant download

Description

This form is used to determine revenue payments and is issued to interest owners for a signature. The form includes the name of the interest owner, the interest for each interest owner, a legal description of the property, and the operator's name.
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FAQ

Crude oil, or petroleum, and its refined components, collectively termed petrochemicals, are crucial resources in the modern economy. Crude oil originates from ancient fossilized organic materials, such as zooplankton and algae, which geochemical processes convert into oil.

The Indiana Geological and Water Survey's Petroleum Database Management System provides an interactive map of more than 70,000 petroleum-related wells in the state of Indiana. The map includes: Oil and gas wells (including gas storage and service wells) Oil and gas fields (including gas storage)

Crude oil is a nonrenewable fossil fuel. It is formed when heat and pressure compressed the remains of prehistoric plants, animals, and aquatic life under the bed of the sea or lakes for millions of years, thus becoming fossil fuel.

These fuels are found in Earth's crust and contain carbon and hydrogen, which can be burned for energy. Coal, oil, and natural gas are examples of fossil fuels. Coal is a material usually found in sedimentary rock deposits where rock and dead plant and animal matter are piled up in layers.

Oil generally refers to a liquid composed mainly of hydrocarbons and containing some sulfur (S), nitrogen (N), and oxygen (O). Crude oil is a liquid extracted from oil fields underground from which gas and water are removed.

Petroleum, also called crude oil, is a fossil fuel. Like coal and natural gas, petroleum was formed from the remains of ancient marine organisms, such as plants, algae, and bacteria.

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Indiana Oil and Gas Division Order