This is a form dealing with the Over-Production and Under-Production of Gas, the event Assignor's gas production, if any, from the Assigned Property is in excess of or less than Assignor's interest in the Property, then Assignee shall acquire Assignor's interest subject to that over-production or under-production.
New Mexico Over-Production and Under-Production of Gas
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Multi-State
Control #:
US-OG-502
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Word;
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FAQ
Natural gas is produced from low permeability sands, from coalbeds as coalbed methane, and from shale-gas wells in the San Juan Basin in northwestern New Mexico. Conventional oil and gas wells and shale gas wells in the Permian Basin in southeastern New Mexico also produce large amounts of natural gas.
Two of the most prolific oil and gas basins in the United States are located in New Mexico--the San Juan Basin in the northwest corner and the Permian Basin in the southeast.
Data Supply & DistributionTotal Energy5,505 trillion Btu2021Crude Oil1,764 thousand barrels per dayJun-23Natural Gas - Marketed2,237,706 million cu ft2021Coal9,265 thousand short tons202121 more rows
The top five dry natural gas-producing states in 2022, by amount and percentage share of total U.S. dry gas production, were: Texas?9.25 Tcf?25.4% Pennsylvania?7.41 Tcf?20.4% Louisiana?4.04 Tcf?11.1% West Virginia?2.69 Tcf?7.4% Oklahoma?2.51 Tcf?6.9%
67% of New Mexico gas is produced from the San Juan Basin and 33% is produced from the Permian Basin.
Data Supply & DistributionProductionNew MexicoShare of U.S.Total Energy5,505 trillion Btu5.6%Crude Oil1,764 thousand barrels per day13.7%Natural Gas - Marketed2,237,706 million cu ft6.0%21 more rows
