Nebraska Legal Description and Well or Unit Information

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-1204
• Format: Word; Rich Text

Description

This form is used for legal description and well or unit information.

Nebraska Legal Description: In Nebraska, the legal description is a specific written representation that accurately describes a piece of land or property. This description is crucial for identifying and legally documenting the boundaries and characteristics of the property. It is used in various legal documents, including deeds, contracts, mortgages, and other land-related transactions. The legal description typically includes information such as the quarter-section, section, range, township, and county where the property is located. These details help define the precise location and boundaries of the land, ensuring there is no confusion regarding ownership or use. There are different types of legal descriptions used in Nebraska, including: 1. Metes and Bounds: This is a common legal description method that relies on physical measurements and landmarks to define the property boundaries. It uses distances, bearings, and angles to accurately describe the shape and size of the property. 2. Government Survey System: Nebraska, as well as many other states, uses the Public Land Survey System (PASS) to describe land parcels. The PASS divides land into rectangular units called townships, ranges, sections, and subdivisions. The legal description based on this system provides precise information about the location within the PASS grid. 3. Lot and Block: This type of legal description is commonly used in subdivisions and urban areas. It refers to the lots and blocks identified on a recorded plat or subdivision map. Each lot and block is assigned a unique number or identifier, making it easier to locate and identify properties in developed areas. Well or Unit Information: Well or unit information refers to the data and details associated with oil, gas, or mineral extraction activities in Nebraska. Wells and units are essential for managing the exploration, development, and production of natural resources in the state. In Nebraska, the Nebraska Oil and Gas Conservation Commission (NO GCC) oversees the regulation and administration of wells and units. The well information includes: 1. Well Identification: Each well is assigned a unique identification number to differentiate it from others. This number helps track and manage the well throughout its lifecycle. 2. Well Location: The location of the well is described using legal descriptions, coordinates, or other geographical references to determine its exact position on the land. 3. Drilling and Production Data: This information includes details about the depth, diameter, drilling techniques, and production rates of the well. It helps in monitoring and managing the extraction processes. Unit information, on the other hand, pertains to the pooling of multiple properties or land parcels into a drilling or production unit. This consolidation allows multiple owners to collectively develop and produce oil, gas, or minerals from a specific area. Unit information typically includes: 1. Unit Boundaries: The boundaries of the unit are defined and documented to ensure all participating owners understand their rights and obligations within the unit. 2. Ownership Interests: Each owner's percentage interest or stake in the unit is specified to determine their share of revenues, costs, and responsibilities for the operations. 3. Operating Agreement: A legally binding agreement is established among the participating owners, defining the terms, conditions, and responsibilities governing the unit's operation and management. By thoroughly documenting and understanding the Nebraska Legal Description and Well or Unit Information, landowners, operators, and regulators can effectively manage and navigate land transactions and resource development activities within the state.