This form is used in the event any part to this Agreement elects not to participate in a Horizontal Exploratory Well, the non-participating party shall, on commencement of operations for the well, relinquish to the participating party one hundred percent (100%) of its rights, title, and interests in and to that portion of the Contract Area included within the Drilling Unit for the well and one hundred percent (100%) of the party’s rights, title, and interests in and to that portion of the Contract Area.
The New Hampshire Relinquishment Provision — Horizontal Well is a specific regulation that governs the relinquishment process for horizontal wells in the state of New Hampshire. This provision ensures that operators comply with certain requirements when abandoning or discontinuing the operation of horizontal wells. Horizontal wells are a type of well that is drilled horizontally rather than vertically. These wells have become increasingly popular in the oil and gas industry due to their ability to extract hydrocarbons from tight formations more efficiently. However, as with any form of well drilling, there are regulations in place to protect the environment and ensure the safe abandonment of these wells. The New Hampshire Relinquishment Provision — Horizontal Well outlines the steps and requirements operators must follow in order to properly relinquish a horizontal well. This provision aims to minimize the potential risks associated with abandoned wells, such as groundwater contamination and surface hazards. Key factors and areas covered by the New Hampshire Relinquishment Provision — Horizontal Well include: 1. Well Plugging: The provision specifies the proper plugging procedures that must be followed to permanently seal the well. This includes the use of suitable cement or other materials to ensure a secure and durable plug. 2. Site Restoration: Operators are also required to restore the well site to its original condition, or as close to it as reasonably possible. This involves removing any equipment, waste materials, and restoring the land to its natural state to prevent any adverse effects on the surrounding environment. 3. Monitoring and Reporting: The provision may also establish monitoring requirements to ensure ongoing well integrity and safety. This involves inspecting and reporting on the condition of the well according to specified intervals or other triggers. Different types of New Hampshire Relinquishment Provision — Horizontal Wells: 1. Standard Relinquishment: This refers to the basic process of abandoning and relinquishing a horizontal well in compliance with all applicable regulations and requirements outlined in the provision. 2. Emergency Relinquishment: In certain circumstances, emergency situations may arise that require immediate well abandonment. The provision may include specific guidelines for expedited well relinquishment in cases of emergencies, such as well blowouts or uncontrollable release of fluids. The New Hampshire Relinquishment Provision — Horizontal Well plays a crucial role in maintaining environmental standards and ensuring the safe operation and closure of horizontal wells in the state. Compliance with this provision not only protects the environment but also guarantees the safety of nearby communities and the long-term sustainability of oil and gas operations in New Hampshire.
