This is a provision for an Operating Agreement that concerns the Assignment of rights to an obligatory well. It provides the assignment options if any proposed operations are necessary to maintain a Lease covered by the Agreement in force or an agreement to earn a lease(s) which would otherwise expire unless operations are conducted.
New Jersey Obligatory Well
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Multi-State
Control #:
US-OG-710
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Word;
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FAQ
Pretty much. Sure there are places where there is no groundwater and you simply hit bedrock, but those are rather rare. Most of the world, if you have soil, you have groundwater. You just need to dig deep enough.
A valid New Jersey well permit must be obtained from the department prior to drilling, constructing, installing, physically altering or redesignating the use of any well.
Drilling a residential water well costs $25 to $65 per foot or $3,750 to $15,300 on average for a complete system and installation. Prices include the drilling, a pump, casing, wiring, and more.
There are about 800 licensed well drillers and 400 licensed pump installers in New Jersey; only properly licensed individuals are permitted to , service and decommission wells and pumps.
Private Well Testing Act (PWTA) The PWTA is a consumer information law that requires sellers (or buyers) of property with potable wells in New Jersey to test the untreated groundwater for up to 43 parameters. Those test results must be reviewed by both parties prior to the closing the of title.
Under the New Jersey Wage Payment Law, employers must establish regular paydays in advance and pay their employees at least twice a month. Wages must be paid within ten working days after the end of the pay period.
Decommissioning a Central Jersey water well involves several steps, including but not limited to, removing obstructions around the well, disinfecting the well, grouting and sealing the well, and filling the well with clean soil to establish to grade level.
While the majority of states allow for private well-digging with the approval of a permit, a handful of states restrict digging ONLY to licensed professional contractors. In these cases, the permit is usually filled and managed by the contractor using the information provided by the property owner.
