Kentucky Relinquishment Provision - Exploratory Well

State:
Multi-State
Control #:
US-OG-717
Format:
Word; 
Rich Text
Instant download

Description

This form is used when any party electing not to participate in an exploratory well after the exploratory well has been drilled, relinquish and assign to the Drilling Party or Parties one hundred percent (100%) of its rights, title and interests in the Drilling Unit and the eight (8) Drilling Units directly and diagonally offsetting the Drilling Unit on which the well was drilled.

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FAQ

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.

The General Mineral Deed in Kentucky transfers oil, gas, and mineral rights from the grantor to the grantee. THIS IS NOT A LEASE. There are no Exceptions or Reservations included. The transfer includes the oil, gas and other minerals of every kind and nature.

Oil & Gas Permits An Application for Permit shall be filed with the Division of Oil and Gas before a well is drilled, deepened or re-opened for the production of natural gas, crude oil, water supply for enhanced recovery, or injection into a reservoir for the purpose of enhanced recovery.

In Kentucky, fracking is regulated. High-volume hydraulic fracture stimulation is defined by state law as any treatment that uses more than 80,000 gallons of fluid in any stage or exceeds 320,000 gallons for all stages.

The overall Statewide average total depth is 1,436 feet (from more than 118,000 wells in the Kentucky Oil and Gas Well Record Data Base).

Other states have already banned fracking, including New York, where Gov. Andrew Cuomo enacted an executive order in 2014. Washington and Maryland banned it through legislation.

Fracking happens across much of the U.S., in states such as North Dakota, Arkansas, Texas, California, Colorado, New Mexico and Pennsylvania. One state, Vermont, recently banned the practice, though it doesn't have an active well being drilled.

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Kentucky Relinquishment Provision - Exploratory Well