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.
Mississippi Obligatory Well
Category:
State:
Multi-State
Control #:
US-OG-710
Format:
Word;
Rich Text
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FAQ
Mississippi. The Office of Land and Water Resources requires all water well drilling in the state of Mississippi to be completed by a licensed driller. A permit from the Dept. of Environmental Quality will also need to be filed.
A well driller licensed in the state of Mississippi must be used for drilling water wells.
Drilling a residential water well costs $25 to $65 per foot or $3,750 to $15,300 on average for a complete system and installation. Prices include the drilling, a pump, casing, wiring, and more.
