Louisiana Survey of Lands included in Producing Or Proration Units

State:
Multi-State
Control #:
US-OG-831
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Word; 
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Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

The Louisiana Survey of Lands is an essential element in the process of Producing Or Proration Units within the state of Louisiana. It is a comprehensive and intricate land survey system that plays a crucial role in the allocation and management of mineral resources. This system divides the state's land into distinct areas, each designated for oil and gas production or proration purposes. The survey system ensures fairness and accuracy in determining ownership, boundaries, and resource management within these designated areas. There are various types of surveys included in the Louisiana Survey of Lands, each serving its specific purpose. These include: 1. Township and Range Surveys: The primary method of dividing land in Louisiana, these surveys establish a grid-like system based on principal meridians and baselines. Each township is further divided into sections, allowing for systematic identification and management of land parcels. 2. Mineral Unit Surveys: These surveys focus specifically on areas with potential mineral resources. Their purpose is to define the boundaries of individual producing or proration units within a particular formation or reservoir. This ensures accurate measurement and allocation of resources to respective leaseholders or operators. 3. Well Location Surveys: Well location surveys are conducted to establish the exact position of oil or gas wells within a producing or proration unit. These surveys are vital for drilling operations, determining proximity to boundaries, and ensuring compliance with regulatory requirements. 4. Unitization Surveys: Unitization surveys play a crucial role in the creation of pooled production or proration units. These surveys aid in determining the boundaries and allocation requirements for units that combine multiple leaseholds or interests. Unitization helps maximize production efficiency and minimizes waste in resource extraction. The Louisiana Survey of Lands is a meticulous and complex system that provides the necessary framework for organized and efficient resource management. It ensures equitable distribution of rights, prevents overlap or conflicts, and promotes responsible production practices within the state's oil and gas industry.

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FAQ

What is a Lease Operating Expense? Lease operating expenses, refers to the recurring costs of operating the wells and equipment. They are also known as LOEs, the term ?LOE? is frequently used in the oil and gas business to talk about costs associated with a given well or lease.

Total operated basis: The total reserves or production associated with the wells operated by an individual operator. This is also commonly known as the "gross operated" or "8/8ths" basis.

Held by production is an oil & gas industry term indicating a property is under lease and that the lease is being perpetuated in the secondary term by the production of oil or gas in paying quantities. An oil & gas may be in HBP status for many years if the wells located on the leased land keep producing.

Acreage: a general term most commonly used to describe and identify the Lands subject to an Oil and Gas Lease. Acreage is used as a measure of the amount of land that is the subject of an agreement or proposed transaction. An acre is equal to 43,560 square feet.

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How to fill out Survey Of Lands Included In Producing Or Proration Units? When it comes to drafting a legal document, it's easier to leave it to the experts. Jun 30, 2010 — units included within the proposed project;. Louisiana Administrative ... If a unit is not producing when created, a survey plat thereof shall ...The application to large-scale areas requires an understanding of the stellar and solar methods for making observations to determine the true meridian, the ... For example a Pugh Clause that begins: “If, at the end of the Primary Term, a portion or portions of the leased premises is pooled or unitized with lands as ... Apr 13, 2018 — governmental proration units assigned to Endeavor's producing wells included only the 81.21 and. 81.0 acres that Endeavor had assigned as ... The pooling of federal or. Indian lands into proration size units is usually accomplished by means of a communitization agreement. This pooling is authorized ... In the context of federal oil and gas leases, the terms “communitization” and “unitization” are distinct concepts which are subject to different statutes, ... Feb 27, 2017 — Two recent appellate opinions illustrate why landowners and their counsel need to know the basic fundamentals of field rules and how they ... Feb 19, 2021 — CODE § 3.31(c)(1) (requiring gas-well operators to file a "certified plat showing the acreage assigned to the well for proration purposes"); 16 ... by PS Ottinger · 2023 — § 31:6 (2022):. Ownership of land does not include ownership of oil, gas, and other minerals occurring naturally in liquid or gaseous form, or ...

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Louisiana Survey of Lands included in Producing Or Proration Units