North Carolina Assignment and Bill of Sale of Well Bores

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Multi-State
Control #:
US-OG-581
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Word; 
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Description

This a form of an Assignment and Bill of Sale of Well Bores.

Keyword: North Carolina Assignment and Bill of Sale of Well Bores Detailed Description: The North Carolina Assignment and Bill of Sale of Well Bores is a legal document used in the state of North Carolina for the transfer of ownership and rights pertaining to well bores. This document is crucial in the oil and gas industry, as it ensures a smooth and lawful transfer of ownership between parties involved. The North Carolina Assignment and Bill of Sale of Well Bores encompasses the assignment of all rights, interests, and benefits associated with the well bores. It outlines the details of the well bores being transferred, such as their location, identification numbers, and any associated equipment or structures. This assignment and bill of sale serves as proof of the transfer of ownership and helps protect the rights of both the assignor and assignee. It ensures that all necessary legal requirements are met and offers a clear record of the transaction. Various types of the North Carolina Assignment and Bill of Sale of Well Bores may exist, depending on the specific circumstances and parties involved: 1. Complete Assignment and Bill of Sale of Well Bores: This type of document is used when the entire ownership and rights of the well bores are being transferred from one party to another. It encompasses all aspects, including the associated equipment and structures. 2. Partial Assignment and Bill of Sale of Well Bores: In certain cases, only a portion of the ownership and rights of the well bores is being transferred. This type of assignment and bill of sale documents the specific well bores, equipment, and structures included in the transfer. 3. Assignment and Bill of Sale of Well Bores with Leasehold Interests: When the assignment involves both the well bores and leasehold interests, this type of document is used. It clarifies the transfer of rights and obligations related to both aspects. Regardless of the type, the North Carolina Assignment and Bill of Sale of Well Bores must be drafted carefully, ensuring all required information is included and accurately represented. It is recommended to consult with legal professionals experienced in the oil and gas industry to create a valid and enforceable document that protects the interests of all parties involved.

How to fill out North Carolina Assignment And Bill Of Sale Of Well Bores?

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FAQ

On average, a well costs around $7500-$9000. This includes all costs pertaining to drilling and the installation of the pumping system. Conditioning equipment is required in some cases and typically ranges from $2500-$4000.

No person shall construct, operate, repair, or abandon, or cause to be constructed, operated, repaired, or abandoned, any well, nor shall any person , repair, or cause to be installed or repaired, any pump or pumping equipment contrary to the provisions of this Article and applicable rules and regulations, ...

If the seller is an individual and the vessel is registered in North Carolina or another state, but not titled, a notarized "Bill Of Sale" is proof-of-ownership. A "Bill-Of-Sale" can be typed or handwritten on plain paper. It must include the registration number, the hull ID number, and a vessel description.

There is generally no cost to the well owner when applying for or being issued a well abandonment permit. 7. I think I have a problem with my well water quality, who should I contact? Contact your county health department and explain your problem.

Any person abandoning a well must submit a record of abandonment (form GW-30) to the Division of Water Quality within 30 days after completion. There are two major categories of wells: Drilled and Bored.

Typically, the process involves ripping the well casing and filling the drill hole with cement, gravel, or a bentonite product. Also, you must fill in the required documentation as evidence of abandoning the well legally.

ABANDONMENT PROCEDURES FOR DRILLED WELLS Before filling and sealing the well (1) The well should be investigated to determine its condition and to assess details of construction. (2) Any obstructions shall be removed, if possible, by cleaning the hole or redrilling. (3) The pipe and submersible pump shall be removed.

If you're purchasing a non-titled boat from an individual, you'll need: Completed VL-1 form. Notarized bill of sale (if you're purchasing from out of state, you'll need a copy of the out-of-state registration card)

More info

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North Carolina Assignment and Bill of Sale of Well Bores