This form is used to commence revenue payments when ownership is being transferred between parties. The Transfer Order includes the name of each interest owner, the interest for each interest owner, a legal description of the property, and the operator's name.
Kentucky Oil and Gas Transfer Order
State:
Multi-State
Control #:
US-OG-324
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Oil And Gas Transfer Order?
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FAQ
Shale gas wells have been drilled in Kentucky for more than 100 years. Most are in the Big Sandy region of eastern Kentucky. Most drinking-water wells in Kentucky are less than about 500 feet deep. Kentucky's shale gas reservoir is typically deeper than 2,000 feet.
The Division of Oil and Gas of the Kentucky Department of Natural Resources regulates the oil and natural gas industry in the commonwealth and conserves and protects oil and gas reserves in Kentucky.
North Dakota reported the highest spill rate, with 4,453 incidents, followed by Pennsylvania at 1,293, Colorado at 476 and New Mexico at 426. The number of spills reported is partly a reflection of the reporting requirements set by each state.
Since then, more than 185,000 known wells have been drilled in Kentucky associated with oil and gas production.
Vermont, which has no known frackable gas reserves, banned fracking preventatively in May 2012. In March 2017, Maryland became the second state in the US with proven gas reserves to pass a law banning fracking.
Ing to the Kentucky Waterways Alliance, there are an estimated 6,000 shale gas wells producing between 50 and 70 billion cubic feet of gas annually in Kentucky. Many of the wells are located in the Big Sandy gas field of Floyd, Knott, Letcher, Martin and Pike Counties.
