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.
North Dakota Plugging Requirements
Category:
State:
Multi-State
Control #:
US-OG-813
Format:
Word;
Rich Text
Instant download
Description
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FAQ
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.
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.
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.
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.
In North Dakota, the oil-bearing formations are much deeper, generally over 10,000 feet (nearly two miles) beneath the surface.
North Dakota produces on average more than 1 million barrels of oil per day in 2022, making it the number three oil producer in the U.S. behind only Texas and New Mexico.
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.
The North Dakota oil boom was the period of rapidly expanding oil extraction from the Bakken Formation in the state of North Dakota that lasted from the discovery of Parshall Oil Field in 2006, and peaked in 2012, but with substantially less growth noted since 2015 due to a global decline in oil prices.
