This form is used when the Lessor desires to sell, subdivide, or partition all or a part of the lands covered by the Lease (the Lands ), and has requested a partial waiver of surface use of certain portions of the Lands subject to the Lease, and a waiver is agreeable to Lessee. This Agreement relates solely to the surface use and does not in any other way affect or diminish the Lessee's rights, interests and estate under the Lease.
North Dakota Agreement Waiving Surface Use by Oil and Gas Lessee
State:
Multi-State
Control #:
US-OG-655
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Agreement Waiving Surface Use By Oil And Gas Lessee?
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FAQ
How deep do Offshore Rigs drill? Depending on the rig type, offshore rigs are rated to drill in water depths as shallow as 80 feet to as great as 12,000 feet. The greatest water depth a jackup can drill in is 550 feet, and many newer units have a rated drilling depth of 35,000 feet.
First, imagine the depth of the Grand Canyon. The average Texas oil well is 900 feet deeper again - but this is quite literally just scratching the surface. Hydraulic fracturing reaches depths ranging from 5,000 feet to 20,000 feet.
There are currently 11 frac crews operating in North Dakota, up from a low of just one during the pandemic price collapse but well below the numbers typical for today's high prices.
Throughout the following decades, offshore drilling technology and equipment advanced rapidly. Today's offshore rigs are capable of drilling 250 miles from shore in waters up to 2 miles (10,560 feet) deep. What's more, they can drill to depths of 28,000 feet below the seafloor.
Data ReservesCrude Oil (as of Dec. 31)4,353 million barrels2021Expected Future Production of Dry Natural Gas (as of Dec. 31)9,224 billion cu ft2021Expected Future Production of Natural Gas Plant Liquids1,522 million barrels2021Recoverable Coal at Producing Mines621 million short tons20216 more rows ?
In North Dakota, the oil-bearing formations are much deeper, generally over 10,000 feet (nearly two miles) beneath the surface.
What is the average depth an oil or gas well is drilled in North Dakota? 14,516 feet is the average depth of a well in North Dakota.
By October 2020, total oil rig count in the state had fallen dramatically. ing to the North Dakota Department of Mineral Resources, the total oil rig count in the state had fallen from 58 active rigs on October 3, 2019, to only 11 active rigs on October 3, 2020, a reduction of over 80 percent.